Investment Opportunity in Hancock with Duplex ideally situated near the snowmobile trail and within walking distance to downtown amenities. Each unit offers spacious one-bedroom accommodations with generously sized rooms and a full bath. Upon entry through the enclosed front porch, tenants are greeted by a shared hall featuring stairs leading to the upper unit. The first-floor apartment boasts a large living room with ample windows, providing abundant natural light. Adjacent, there is a generously sized kitchen, complete with laundry facilities. The full bath is conveniently positioned at the rear of the unit, with basement access also available. The bedroom, situated off the living room, has original doors and a large window for natural light. Retaining traces of its original trim and a wood shake exterior, this property has plenty of character which could be brought back to life. The second-floor unit has a similar layout to the first floor but the living area is positioned at the front, offering views of Quincy St. The bedroom is nestled between the living area and kitchen. A separate exit grants access to the backyard. Moved to its current location in the 1990s, this historic home has a modern concrete block foundation. With an active rental license from the City of Hancock, this property offers immediate income potential for investors. Additionally, a spacious concrete parking area in front of the home easily accommodates tenant vehicles. Don't miss this opportunity to invest in a historic property with modern amenities, poised for rental income and further enhancement! NOTICE: All information believed accurate but not warranted. It is the Buyers obligation to inspect the property and verify all information. The buyer bears all risks for any inaccuracies. Tax information is subject to change. Taxes are not 0. References to square footage, lot size/dimensions, and age are approximate.
Investment opportunity! 4-unit, brick apartment building located just one block from downtown Hancock. Well-maintained. Many newer windows. Some hard wood floors. 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. You may claim the Homestead Tax Exemption for the percentage used as your primary residence. Each apartment has 1 or 2bedrooms 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 house. 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-approval letters 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.
Hancock is located in Michigan. Hancock, Michigan has a population of 4,558. Hancock is more family-centric than the surrounding county with 31.06% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Hancock, Michigan is $43,514. The median household income for the surrounding county is $48,623 compared to the national median of $69,021. The median age of people living in Hancock is 30.7 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 6.5 degrees. The average rainfall is approximately 31.6 inches per year, with 205 inches of snow per year.
