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216-218 E Franklin Street, Hancock MI 49930 – (MLS #50138561)

$ 325K
216-218 E Franklin Street, Hancock MI 49930,


  • Updated On:
  • May 3, 2024
  • 5 Bedrooms
  • 4 Bathrooms
  • 3,200 ft2


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. 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.

Address: 216-218 E Franklin Street, Hancock MI 49930
Zip: 49930
Country: US
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Property Id : 41089
Price: $ 325K
Property Size: 3,200 ft2
Property Lot Size: 0 ft2
Bedrooms: 5
Bathrooms: 4
Last Updated: 2024-05-03T18:26:54.563Z
Construction Materials: Brick
Covered Spaces: 0
Days On Market: 21
Elementary School District: Hancock Public Schools
Basement: Full,Exterior Entry,Stone
Bathrooms Full: 4
High School District: Hancock Public Schools
Bathrooms Half: 0
Middle Or Junior School District: Hancock Public Schools
Year Built: 1900
Zoning: Commercial
Garage Spaces: 0
Mls Status: Active
Number Of Units Total: 4
Other Structures: Shed(s)
Parking Total: 3
Photos Count: 39
Sewer: Public Sanitary
Stories: 2
Water Source: Public
Waterfront Features: None
Other Features
Gas Water Heater
Has Heating System
$ 1,666.34
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,260.09

Contact Me

Call (906) 370-4440 WhatsApp

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Kevin Liimatta