Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development--create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk.
Income producing duplex in the City of Manistee with strong rental history. Both units are currently occupied. Each unit offers 2 bedrooms, 1 bath, in-unit laundry, and off street parking. This stick-built modular home (not manufactured) sits on a waterproofed crawl space, located across from the newly renovated Kennedy School and within walking distance of downtown shops, restaurants, and 1st Street Beach on Lake Michigan. Unit 2 includes appliances, washer/dryer, and furnishings. Unit 1 includes all appliances except washer and dryer.
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.
