2 months on rocket

159 River St, Manistique, MI, 49854

$199,000

Home List Price

$2,363*

Closing Credit

4 Bedrooms
3 Full Baths
2,090 SqFt
$95/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

159 River St, Manistique$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Parking3 or More Spaces, Unassigned/General
Attached Garage1 space
Year Built1950
HeatingBaseboard, Electric, Hot Water
CoolingCeiling Fan(s)
WaterfrontNone
ViewNone
MLS #50154147
Lot Size0.26 Acres
StatusActive

About 159 River St

Welcome to this exceptional multi-family investment opportunity! Nestled in a desirable neighborhood, this well-maintained property features three spacious rental units, making it an ideal choice for investors or homeowners looking to supplement their income. This property boasts three distinct rental units, each uniquely designed to maximize comfort and privacy. Unit 1: A versatile studio space for office rental or one bedroom apartment. A solid brick building with the added bonus of a garage on the backside. Unit 2: A generous sized two bedroom, one bathroom unit that includes a bright open-concept living and dining area, perfect for entertaining guests. The modern kitchen includes appliances and ample cabinet space. Unit 3: A cozy one bedroom, one bathroom unit featuring a private entrance, ideal for singles or couples. This unit offers a charming living space with large windows that fill the room with natural light. Conveniently situated in a thriving neighborhood, this property is just minutes away from local shops and restaurants. Its prime location ensures high demand from potential tenants. Enjoy ample parking making it easy for residents and guests alike. With three units the income potential presents lucrative investment opportunity. Whether you are an experienced investor or a first-time buyer looking to live in one unit while renting out the others, this property offers endless possibilities. Don't miss your chance to own this charming multi-unit in sought after area.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1950
  • Stories: 1
  • Living Area: 2,090 SqFt

Listing Office:

  • Office Name: UPWARDS REAL ESTATE
  • Office Phone: (906) 420-2404
  • Listing Agent: MELISSA MIKUS

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Washer
  • Basement: No
  • Interior: Cable/Internet Avail.

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: 3 or More Spaces, Unassigned/General

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Hot Water
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Manistique Middle and High School, Public District Grades 6-12
  • Emerald Elementary School, Public District Grades PK-5

School District Information:

  • School District: Manistique Area Schools

Other

Directions Information:

  • Directions: 159 River Street. US 2 to Manistique. Left on S Cedar Street. Slight left on to River Street to property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
  • Price Per SqFt: $95/SqFt

Tax Information:

  • Annual Amount: $3,646
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Manistique, MI.

Map thumbnail provided by MapBox

Manistique, MI

City

Med. Sold Price

$220K

Med. Price/SqFt

$182

Avg. Days On Market

34

# of Sold Homes

6

159 River St vs Manistique

62 DAYS ON ROCKET

+28 Days

$199,000

-$21K Less

$95/SqFt

-$87 Less

KEY TAKEAWAY

This property is $21K less than the Median Sold Price and $87/SqFt less than other homes in Manistique, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50154147

Listing Office:

  • Office Name: UPWARDS REAL ESTATE
  • Office Phone: (906) 420-2404
  • Listing Agent: MELISSA MIKUS

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,646$40,200
2020$2,525$42,300
2019$2,609$42,800
2018$1,721$42,800

History based on county public records data.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2039774
3
/10

  • Emerald Elementary School

  • 628 Oak St

  • 0.64 miles

  • Public District Grades PK-5

High School

school-card-donut-2039775
7
/10

  • Manistique Middle and High School

  • 100 N Cedar St

  • 0.16 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,806. The most common annual income of people living in Manistique, MI is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Schoolcraft County›Manistique›49854›159 River St

This home is located at 159 River St in Manistique, MI and zip code 49854. This 2,090 square foot home, which was built in 1950, sits on a 0.26 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $199,000.

Manistique, MI housing market in October 2024 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 4 sold below. The number of homes for sale in Manistique, MI increased by 5.4% between September 2024 and October 2024. While the average time on the market in October 2024 was 34 days, the median list price was $220,000.

From Rocket Homes Real Estate and based on county public records data.

More Resources