Description

8-Unit Apartment Building in the Village of Onekama (on M-22), with views of PORTAGE LAKE from some units. Six apartments are 2-BR; two are 1-BR. Electric heat throughout; each unit has their own electrical box, each tenant pays their own electric bill. Garbage, snowplowing and parking are included in rent. There are two sets of stairs, one at either end, to the 2nd floor. Full basement. Ample unpaved parking in the back. One coin-operated washer and dryer on the main flr; the water heater and dryer are gas. The manager lives in a 2-BR. The building is hooked up with Spectrum cable. Two signed yrly leases; others are month-to-month. Current rental income is approx. $34,680/yr but could be converted to vacation rentals. Peaked roof was new in 2002; part is flat. Land contract available.