208 E Montezuma, Houghton, MI 49931

  • $950,000
  • $950,000

Overview

Property ID: HZ1023430
  • Multi-Family
  • Property Type
  • 6
  • Garages
  • 3500 Sqft
  • Area Size

Description

Downtown Houghton – Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2’s lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller’s sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.

  • Address: 208 E Montezuma
  • City: Houghton
  • State/county: MI
  • Zip/Postal Code: 49931
  • Area: City of Houghton
  • Country: United States

Details

Updated on September 25, 2024 at 6:57 am
  • Property ID HZ1023430
  • Price $950,000
  • Property Size 3500 Sqft
  • Land Area 0.11 Acres
  • Garages 6
  • Property Type Multi-Family
  • Property Status For Sale
  • MLS# 50136735
  • Office Name CENTURY 21 AFFILIATED
  • Agent Name KRISTINE
  • MLS Status Active

Additional details

  • List Office MLSID 106444
  • List Agent MLSID 695931
  • List Date 2024-03-23
  • Sewer Public Sanitary
  • Cooling Central A/C
  • Heating Forced Air
  • Total Tax Amount 5366
  • Tax Year 2023
  • County Houghton
  • Property SubType Multi-Family
  • Parking Garage
  • Water Features None

Mortgage Calculator

Schedule a Tour

Your information

What's Nearby?

Please supply your API key Click Here

Contact Information

View Listings
Multi State Realty

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

Compare listings

Compare