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616/618 Water, Hancock, MI 49930

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For Sale

$249,000

6 beds • 2 baths • 1 half baths • 3,264 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $76.29
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Excellent duplex opportunity with separately metered utilities. The roof is in great condition at about 12 years old. Most of the plumbing and wiring has been redone. This is a great property if you value good bones and mechanicals. One unit had an extensive remodel in the last few years including some drywall, new kitchen and baths, new carpeting, and interior paint. The siding was replaced within the last few years as well. Rents are well below market rents at $1025 & $800 per month per side plus utilities. The basement is very tall and has a washer/dryer for each side. The attic could be finished off for additional space. Tenants are responsible for snow removal. Landlord is responsibly for lawn care. Both leases are set to expire within the next few months. The backyard could be additional parking via the alley. The adjacent property owner has cleared snow to their property. For an owner-occupant; live in one side and have your tenant cover your expenses! For non occupant investors a 5% down mortgage may be possible with a Fannie Mae loan.
MLS# 50138749

Courtesy Of eXp Realty LLC

(269) 600-4397

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck, Basement
  • Appliances
    Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator, Refrigerator - Bar, Washer
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air
  • Lot Size
    0.11 Acres
  • Roof Type
    Unknown
  • Rooms
    Basement, Bedroom, Full Bath, Half Bath, Living Room

Map and Directions

Directions to 616/618 Water, Hancock, MI 49930

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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