116 Oak Street

Beds
Baths
3,400 Sq. Ft.
$7 / Sq. Ft.
3,400
Sq. Ft.
$7
per Sq. Ft.

Description

Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a...Here is a unique opportunity to turn sweat equity into an awesome investment property! The building has 3 apartments (Apt A 2 bedroom 800 sq ft) (Apt B 3 bedroom 2 bath 1500 sq ft) (Apt C 3 bedroom 1100 sq ft). You could live in one and fix up the others. You could make an additional $1200 a month and have your investment paid back in 5+ years. Each apartment has an enclosed porch and a small yard area. Two of them need just a few touches before they are ready to make you money and one that is a blank canvas that needs a handyman’s touch. After the owners purchased the building in 2011, they noticed many broken pipes so they have replaced plumbing lines throughout (new Pex hot and cold lines), new registers in each room, a new boiler, new water heater, and new exterior electric meter (along with upgraded panels for each apartment to 100 amp with Apt B at 200amp).
  1. Listed by JOE CAPUANA • GREAT LAKES & LAND OF MARQUETTE, INC.
    P: (906)-869-3333 C: (906)-869-3333 joe@greatlakesandland.com

Property Details for 116 Oak Street

Architectural Style
2 Story
Has Waterfront
No
Zoning
GR
LISTING CLOSED: 05/11/2018 12:00 AM

Property Details for 116 Oak Street

StatusClosed
MLS #10071863
Days on Market388
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size0.12 AC / 5,227 SF
CountyMarquette County

Location

Listing Courtesy of GREAT LAKES & LAND OF MARQUETTE, INC.

Sold By RE/MAX 1ST REALTY

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Building Information for 116 Oak Street

Stories2Residences3Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$271 per month

30 year fixed, 6.55% Interest

Principal and Interest

$127

Property Taxes

$144

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 116 Oak Street

Summary
Location and General Information
  • Directions: SW corner of Oak and W. Ely Street
  • Latitude: 46.492354
  • Longitude: -87.671607
  • MLS Area Major: Ishpeming (52013)
  • Water Body Name: Lake Bancroft
Taxes and HOA
  • Parcel Number: 52-51-250-106-00
Property
Lot Information
  • Lot Size Acres: 0.12
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 3400.0
  • Building Area Total: 3400.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1900
Building Features
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Available, Electricity Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Porch
Interior Features
  • Basement: Full
  • Has Basement: Yes
  • Has Cooling: No
  • Has Fireplace: Yes
  • Heating: Hot Water, Electric, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 3

Property History for 116 Oak Street

DateEvent & SourcePriceAppreciation
May 11, 2018

Sold

MiRealSource #10071863

$25,000
Apr 9, 2018

Contract Signed

MiRealSource #10071863

Apr 18, 2017

Listed (Active)

MiRealSource #10071863

$59,000
DateEvent & SourcePrice
05/11/2018

Sold

MiRealSource #10071863

$25,000
04/09/2018

Contract Signed

MiRealSource #10071863

04/18/2017

Listed (Active)

MiRealSource #10071863

$59,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Oak Street

Taxable ValueLand-Additions-Total-
Tax Record2025$1,732 ($144 / month)
Home Facts
Beds8Baths3Total Finished SqFt3,912 SqFtAbove Grade Finished SqFt3,912 SqFtUnfinished Basement SqFt1,956 SqFtStories2Lot Size5,618 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1900ZoningGRCountyMARQUETTEAPN52-51-250-106-00

Schools near 116 Oak Street

This home is within Ishpeming Public School District No. 1.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Birchview School
PublicPK to 4

Ishpeming Middle School
Public5 to 8

Ishpeming High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GREAT LAKES & LAND OF MARQUETTE, INC.

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