734-736-738 Michigan Avenue $949,000

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    734-736-738 Michigan Avenue Ontonagon, MI 49953

    • 3,360 sq. ft.
    • 2.37 Acres
    • Commercial
    • MLS# 50147190
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    Views: 24 Days On Site: 145

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    Property Details

    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. 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.

    • General Features
      • Acreage 2.37
      • Area Municipality Ontonagon (66015)
      • County Ontonagon
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Trust
      • Total SqFt Finished 3360
      • Waterfront Y/N No
      • Year Built 1980
      • ZONING Multi-Family
    • Building Features
      • Cooling System None
      • Exterior Construction Asbestos, Hardboard, Shingle
      • Exterior Features Deck/Patio
      • Foundation Type Crawl
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water, Community
      • Water Features None
      • PARKING 21+ Spaces,On Site,Parking Lot
      • Lot Size 430x290
      • Roads City/County, Paved Street
      • Sewer Septic Community

    Neighborhood

    49953 (Ontonagon) Demographics

    60 Median Age
    5 Population Density (per sq. mile)
    30% College Educated
    $42,330 Estimated Median Income
    937 Estimated Total Home Owners
    194 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,212 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $302,950 Median Sales Price
    2 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $949,000
        8/23/2024 8:21:22 AM Status Changed Source: Multiple Listing Service New Value: Pending
        7/1/2024 3:10:00 PM New in Database Source: Multiple Listing Service New Value: $949,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.