Veterans United Realty
40 Photos

216-218 E Franklin Street, Hancock, MI 49930

$325,000 Asking Price

5 beds
4 baths
3,200  sqft
Built in 1900

With the lack of available homes for sale, this 4-unit, brick apartment building, located just one block from downtown Hancock, is a perfect solution. Configure these units to your liking. Keep all 4 as income generators or live in 1 and rent the other 3. Or you could live in ½ of the building, have 2 floors to yourself, and rent the 2 apartments on the other side. Well-maintained. Many newer windows. Some hard wood floors. Each apartment has 1 or2 bedrooms and either a ¾ bath with a shower or a full bath. Nice kitchens. Basement is accessed from a back door. The rental amounts in place are not at current market rates. New owner may increase the rents as they see fit once leases expire. Current owner pays for heat and water and for electricity in the common areas. Parking is located in the alley to the left of the building. Most tenants use the City of Hancock public parking lot located just a few steps east of the apartment building. Summer months are free to park. Winter parking pass costs $120. (The lot to the right of the building is not included). This location is convenient to downtown, shopping, and restaurants. 10-minute drive to Michigan Tech. Showings for qualified buyers with pre-approvalletters or proof of funds only. Seller reserves the right to leave any contents in the building. Back porch may need work. This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage, lot size/dimensions, and age are approximate. Buyer must verify the information and bears all risk for inaccuracies. Taxes will change with the sale.


Listing Status:
Active
Date Added:
April 12, 2024 — 34 days ago
Listing Office:
RE/MAX DOUGLASS R.E.-H, GRETCHEN JANSSEN (906-370-4738)
Office Phone:
906-482-1000
MLS ID:
50138569

Features & Amenities

Interior

General:
Cable/Internet Avail.,Hardwood Floors
Appliances:
Microwave,Range/Oven,Refrigerator
Basement:
Full,Outside Entrance,Stone
A/C:
None
Heating:
Natural Gas, Hot Water,Radiator

Exterior

General:
Brick, None (ExteriorFeatures)
Style:
Other
Other Structures:
Shed
Parking:
3 or More Spaces

Construction

General:
2 Story, Basement

Location

Road/Access:
City/County,Paved Street,Year Round
HOA Amenities:
Gas Included,Taxes,Water,Sewer
Originating MLS:
Upper Peninsula Assoc of Realtors
School District:
Hancock Public Schools
County:
Houghton

Lot

Zoning:
Commercial, Lot 16 Blk 8 Village of Hancock, 31-051-008016-00

Utilities

Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Hard Line Internet,Internet Spectrum
Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
Upper Peninsula Assoc of Realtors
Listing Agent Compensation:
None
Buyers Agent Compensation:
Yes 3 Percent
NA Compensation:
None

This listing courtesy of:
RE/MAX DOUGLASS R.E.-H, GRETCHEN JANSSEN

About Hancock, MI

Housing

Number of Units
3,889
Median Home Value
$140,108
Median Rent
$560

35.93% of housing units are renter occupied.

17.03% are vacant.

Commute

Car
76.63%
Public Transportation
0.00%
Walk to Work
6.08%
Work from Home
16.17%
Other
0.41%

The median travel time to work is 13 minutes.

People

Population
8,130
Median Age
36.20
Median Household Size
2.32

Education

High School
31.26%
Associate’s Degree
7.69%
Bachelor’s Degree
20.96%
Graduate Degree
16.41%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last Updated: May 15, 2024 3:08 pm.

Copyright © 2024 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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