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1001 AGATE & 1100 ELEVENTH AVENUE
HOUGHTON, MI 49931

$749,000
MLS# 50144139

 

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PROPERTY DESCRIPTION

Multi - Other

OFFERS: Written offers with prequalification letter or proof of funds submitted by 6/15/2024 at 1pm. Offer response times preferred to be no sooner than 6/18/2024 at 5pm. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify deadlines for receipt of and seller?s response to offers. *** CITY OF HOUGHTON - INVESTMENT OPPORTUNITY! 9 rental units located in East Houghton with convenient proximity to Michigan Tech's main campus and the Student Development Complex. The property consists of 2 multi-level buildings. 1001 Agate has four apartments with 2 bedroom and 1 bathroom. 1100 Eleventh Ave has 5 apartments, four with 2 bedrooms and 1 bathroom and one with 3 bedroom and 1 bathroom. The typical floor plan of each unit is an eat-in kitchen, living room, bedrooms with closets and full bathroom. Each unit has an oven/range, refrigerator, dishwasher and microwave. There is a coin operated laundry facility in one of the buildings for all units to utilize (2 washers and 2 dryers). All units have electric heat. 1001 Agate has supplements forced air heat (2014, 1 duct to each apartment in this building only) that the landlord runs during December, January and February. Building construction is modular and year built is estimated to be 1976. Some storage cages are available for tenants. Parking for the units is paved. Property is a licensed rental in the City of Houghton. All leases are through May 2025. City of Houghton rental license is for 19 occupants. Rental income information is available with a non-disclosure agreement and preapproval and/or proof of funds letter. Preapproval letter is required for showings. Photos are a sampling of the units. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines. Seller may be doing a 1031 Exchange.

 
LOCATION
1001 AGATE & 1100 ELEVENTH AVENUE
Houghton, MI 49931

County: Houghton

School District: Houghton-Portage Twp Schools

Property Tax Area: Houghton (31014)

Waterfront: No
Water Features:

Road Access:

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DETAILS
Total Buildings
Number of Units 9.00
Total Building Square Feet 7440.00
Acres (Approx.) 0.44
Lot Dimensions 230x65x228x102+/-
Year Built (Approx.) 1976
Status: Sale Pending w/Contingency
 
 
ADDITIONAL DETAILS
Number of Levels Other/See Remarks
 
BUILDING & CONSTRUCTION

Foundation: Basement

 

Basement: Block,Outside Entrance,Walk Out

Exterior: Exterior Balcony

Garage:

Fireplace:

 

Accessibility:

Green Features:

 

Basement: Block,Outside Entrance,Walk Out

     

Construction Features:
Wood

 
UTILITIES, HEATING & COOLING

Sewer: Public Sanitary

Water: Public Water

     

Heat: Electric,Natural Gas: Electric Heat,Forced Air

 

Air Conditioning: None

     
 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
*
* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.
 
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Listing Office:
Century 21 Affiliated

Listing Agent:
Weidner (jukuri), Kristine

 
 
 
 

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REAL ESTATE

Search MLS Properties
Today's New Listings

Featured Listings
Land Contract Properties

 

JOURNALS, MEDIA
& MORE

Pic of the Day
Josh's Journal

Property Tax Estimator
Snowfall Total Contest

WEBCAMS

Josh's Live Stream
Bridge Cam
Bald Eagle Cam
Duluth Canal Cam
Mackinaw Bridge Cam

MTU Campus Cam

HUNTING &
FORESTRY

Hunting Journal
Buck Pole
U.P. Deer Blind
Northwoods Forest Mgmt.

 

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