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- LoopNet Team
212 N Main St
Lake City, MI 49651
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 7,198 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1980/2000 |
| Building Class | C | ||
| Zoning | C-2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,198 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2000 |
| Zoning | C-2 |
AMENITIES
SITE AMENITIES
- Lake Access
ABOUT 212 N MAIN ST , LAKE CITY, MI 49651
This is an incredible investment property with options to keep as a apartment complex or to develop into another business. The 5 units have had great rental history over the last several years. The large 3 bedroom unit has a garage for parking as well and then the other four units have private parking as well. Property is located in downtown Lake City with 160 ft. of waterfront on Lake Missaukee, a tourist destination in all four seasons. The complex is walking distance to shopping, restaurants, tennis and basketball courts and skate park. Property is zoned C2-Resort.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 051-103-001-00 | Improvements Assessment | $153,900 |
| Land Assessment | $123,200 | Total Assessment | $277,100 |
PROPERTY TAXES
