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734-736-738 MICHIGAN AVENUE
ONTONAGON, MI 49953

$949,000
MLS# 50147190

 

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PROPERTY DESCRIPTION

Greenwood Apartments - Outstanding income producing apartment complex situated on 2.37 wooded acres within the Village on Ontonagon. This 24-unit, 3,360 sq. ft. apartment complex consists of 12 one-bedroom units offering 678 sq. ft., and 12 two-bedroom units offering 828 sq. ft. of living space. An extremely well-maintained building built in 1980 with many updates including but not limited to roof, windows, siding, etc. Each unit offers metered natural gas H/A heat, electricity, telephone, and cable/internet paid be each tenant. NOTE: This is a HUD Section 8 Housing program under contract until 2035 which offers tenant housing assistance and multiple owner advantages including funding. Being a HUD Section 8 complex there are "owner financing" options that are available and very beneficial. Great location in Ontonagon with walking distance to the school, golf course, and just a short distance to the downtown district and beautiful Lake Superior which offers miles of public beach access, and less than 15 miles to the west you'll find the Porcupine Mountains with all year recreational options including, hiking, skiing, camping, and panoramic views of Lake Superior and Lake of the Clouds.

 
LOCATION
734-736-738 MICHIGAN AVENUE
Ontonagon, MI 49953

County: Ontonagon

School District:

Property Tax Area: Ontonagon Twp (66014)

Waterfront: No
Water Features:

Road Access: City/County,Paved Street,Year Round

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DETAILS
Business Type
Total Buildings
Total Building Square Feet 3360.00
Lot Dimensions 430x290
Year Built (Approx.) 1980
Status: Active
 
 
BUILDING & CONSTRUCTION

Foundation: Crawl

 

Basement: No

Exterior: Deck/Patio

Garage:

Fireplace:

 

Accessibility:

Green Features:

 

Basement: No

     

Construction Features:
Asbestos,Hardboard,Shingle

Other Features:
Outside Storage,Sidewalks,Smoke/Fire Alarm

 
UTILITIES, HEATING & COOLING

Sewer: Community

Water: Public Water,Community

     

Heat: Natural Gas: 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:
Domitrovich Realty, Inc

Listing Agent:
Domitrovich, Gerald

 
 
 
 

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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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