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388 3rd St

Manistee, MI 49660
Active | MLS #21032448 | 35 days on market
beds
Beds
baths
Baths
sq ft
Sq Ft
acres
Acreage
0.00
type
2 to 4 Units
$175,000
$827/mo est*
Thomas Serio
Interested in this property?
Thomas Serio Realtor®

Home Features

heating
Heating
cooling
Cooling
waterfront
Waterfront
No
county
County
Manistee
Municipality
Municipality
City of Manistee
school
School District
Manistee
calendar
Year Built
1900

Details

Well-maintained 3 unit rental property in a great location. Rental income totals $2,050 a month. Close to all city amenities, downtown, beaches, riverwalk, stores. Located on a small lot for minimal yard maintenance. Property was a single-family home years ago, and was converted into 3 units (a 2 bedroom on the main level, and two 1 bedroom apartments upstairs). New roof in 2015. Many updates in the last 5-7 yrs including soffit, facia, painting, carpeting, linoleum, back deck and front porch. Added bonus, off street parking. Occupy the lower larger unit and rent the others to pay your costs! Owner pays Water for all units, and Unit 3's energy bill (DTE). The water bill is about $75 and the gas bill for unit 3 is about $20. Units 2-3 pay their own gas. All Tenants pay their own
Agent: Mary Ellen VincentPhone: 231-887-4777

Interior

  • Basement Yes

Exterior

*Estimated monthly payments are based on 3.92% interest rate and 30 year loan term. Please contact your mortgage lender for a monthly payment estimate accurate to you.

Local Market Info

Balanced
Buyer's
Seller's
Manistee is currenty a
Seller's Market

A seller’s market exists when the number of home buyers exceeds the number of homes offered for sale. Sellers will benefit because high demand and low inventory will drive up prices.

Area Demographics

Demographic Icon
Total Population
6071
Demographic Icon
Population Density
1,848
/sq mi.
Demographic Icon
Median YEARLY income
$23,682
Demographic Icon
MEDIAN AGE
43
Demographic Icon
COLLEGE EDUCATED
28%
Demographic Icon
Owner/renter divide
70% / 30%

Listing Stats

+60.1%
Since last Year
Average List Price
2017 2017 2017.5 2017.5 2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 100,000 100,000 200,000 200,000 300,000 300,000 400,000 400,000
+80.0%
Since last Year
Number of New Homes on Market
2017 2017 2017.5 2017.5 2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 5 5 10 10 15 15
+2.1%
Since last Year
Average Sale Price
2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0 0 50,000 50,000 100,000 100,000
-50.0%
Since last Year
Number of Sold Homes
2018 2018 2018.5 2018.5 2019 2019 2019.5 2019.5 2020 2020 0.0 0.0 2.0 2.0 4.0 4.0 6.0 6.0
875 Oak Ridge Rd
Muskegon, MI 49441

Location Hours

M-F
8AM - 4PM walk ins
(Evenings By Appointment)

S-S
By Appointment Only

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