734-736-738 Michigan Avenue Ontonagon, MI $ 949,000
734-736-738 Michigan Avenue
$ 949,000
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734-736-738 Michigan Avenue

Ontonagon, MI, 49953
$ 949,000
Baths0.0 Sq 3,360

Monthly Estimate*

$ 5,684

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Studio

Commercial Property for sale in Ontonagon, MI

for $949,000. This 3,360 square foot building was built in 1980 on a lot size of 2.37.

Greenwood Apartments - Outstanding income producing apartment complex situated on 2.37 wooded acres within the Village on Ontonagon. This 24-unit, 3,360 sq. ft. apartment complex consists of 12 one-bedroom units offering 678 sq. ft., and 12 two-bedroom units offering 828 sq. ft. of living space. An extremely well-maintained building built in 1980 with many updates including but not limited to roof, windows, siding, etc. Each unit offers metered natural gas H/A heat, electricity, telephone, and cable/internet paid be each tenant. NOTE: This is a HUD Section 8 Housing program under contract until 2035 which offers tenant housing assistance and multiple owner advantages including funding. Great location in Ontonagon with walking distance to the school, golf course, and just a short distance to the downtown district and beautiful Lake Superior which offers miles of public beach access, and less than 15 miles to the west you'll find the Porcupine Mountains with all year recreational options including, hiking, skiing, camping, and panoramic views of Lake Superior and Lake of the Clouds.

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Commercial Pending

Price

$ 949,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,303

Style

Commercial/Industrial

Lot Size

2.37

Year Built

1980

Town/City

Ontonagon

County/Region

Ontonagon

MLS | Web ID

50147190

Features
General
Heating Forced Air
Cooling None
Roof Asphalt
Exterior Features Deck/Patio
Water Public Water Community
Status Pending Pending
Year Built 1980
Parking 21+ Spaces On Site Parking Lot
Water Heater Gas
County Ontonagon
Township Ontonagon Township
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name Greenwood Apartments
Percent Ownership Trust
Municipality Ontonagon
Zoning Multi-Family
Subdivision MI
Flood Insurance Not Required
Commercial Features Outside Storage Sidewalks Smoke/Fire Alarm
Area Ontonagon (66015)
Primary City Ontonagon
Location Residential Area
Directions From River St turn on Copper St continue onto Michigan Ave past N Seventh St and past Greenbriar St property on right ride before Pebble Beach Dr.
City Ontonagon
Financial Terms Conventional FHA
Legal Description Contact listing agent
DOM 53
Postal Code 49953
Price Per Sq Ft Total AG 282.44
Coming Soon Greenwood Apartments - Outstanding income producing apartment complex situated on 2.37 wooded acres within the Village on Ontonagon. This 24-unit 3
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Exterior
Exterior Asbestos Hardboard Shingle
Frontage 430
Flood Plan None
Lot Size Area 2.37
Lot Dimensions 430x290
Well/Septic Inspection Done No
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
GERALD DOMITROVICH

Listing Agent

Domitrovich Realty, Inc

Broker

jddomit@jamadots.com

Email

Affordability Calculator

$6,626
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,684
Monthly Property Taxes
$942
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2024$949,000 Listed Price

Map


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734-736-738 Michigan Avenue, Ontonagon, MI, 49953 is a Commercial Property for sale at $949,000 with 3,360 sqft and a lot size of 2.37. 734-736-738 Michigan Avenue is a studio with 0.0 baths and was built in 1980. The property's zip code is 49953 which is in Ontonagon, MI