Turnkey Triplex Investment in Manistee - Prime Location!This fully rented triplex at 238 Parkdale Ave. offers an excellent income-generating opportunity in a high-visibility location on the US-31 business corridor in Parkdale, just north of Manistee. The main floor unit (formerly commercial) has been remodeled into a 2-bedroom residence with main floor laundry, currently rented for $1,275/month. Apartment 2 (1BR) rents for $700/month, and Apartment 3 (upper 2BR) rents for $950/month, generating $2,925/month in total rental income. Features separate utilities, paved parking, updated mechanicals, A/C in all units, handicap ramp, new septic (2020), and new roof (2016). A prime investment opportunity, schedule a showing today!
Here is your chance to own an amazing piece of Manistee History!!! Built in the 1880's by Thomas Kenny a prominent resident of Manistee who was deeply invested in the progress of Manistee and its ability to thrive. This home looks over Manistee Lake on a beautiful lot. Some of the great features are large rooms on the main floor, built-ins, pocket doors, fireplace, large bay windows and wood floors. This home is currently set up as a 3 unit but easily can be converted back into the amazing home it once was! All three units have leases and brings in around 50k a year,
Turnkey Triplex in Downtown Manistee!This income-producing triplex sits on the corner of Greenbush & Clay Street, just steps from River Street and less than a mile from Lake Michigan. With a strong rental history, it currently generates $2,700/month:Unit #1 (83 Greenbush) - 3BR, $1,100/monthUnit #2 (83 1/2 Greenbush) - 2BR, $850/monthUnit #3 (69 Clay St.) - 1BR, $750/monthProfessionally managed and City rental compliant, this turnkey investment offers hassle-free ownership with management willing to continue. Don't miss this prime opportunity in the heart of Manistee!
Courtesy: Kermath Realty LLC
734-649-4903
TWO-UNIT in the Heart of Manistee located on Cypress St (US 31). Two great long term tenants, the upper unit generates $1,300 a month, the lower unit generates $1,150 and is month to month. New boiler in 2018, The Lower unit has a great sun porch with a leaded glass window, gas fireplace and nice built-ins also a patio area off the kitchen. The lower unit looks great, and the upper unit has been completely remodeled. With a nice spacious floor plan, French doors to its own sun porch, with beautiful wood floors, galley kitchen with new appliances and a farm sink. Close to Downtown Manistee and Lake Michigan. Building has one gas, water and electric meter but can be split.
Great Investment Opportunity! Well Maintained Duplex within walking distance to downtown Manistee. All utilities are separated except for water which tenants are currently splitting. Steel Roof added in 2022. Exterior also painted in 2022. Tenants each pay $1000.00 month in rent. Duplex is certified with city and compliant with recent inspection. Buyer to verify all measurements.
Manistee is located in Michigan. Manistee, Michigan has a population of 6,230. Manistee is more family-centric than the surrounding county with 24.04% of the households containing married families with children. The county average for households married with children is 22.77%.
The median household income in Manistee, Michigan is $52,453. The median household income for the surrounding county is $54,428 compared to the national median of $69,021. The median age of people living in Manistee is 47.6 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 16.5 degrees. The average rainfall is approximately 35.3 inches per year, with 93.9 inches of snow per year.
