5 months on rocket

216-218 E Franklin St, Hancock, MI, 49930

$285,000

Home List Price

$3,384*

Closing Credit

5 Bedrooms
4 Full Baths
3,200 SqFt
$89/SqFt
Multi

Location

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216-218 E Franklin St, Hancock$285,000

Buyer Closing Credits

$3,384*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking3 or More Spaces
Year Built1900
HeatingHot Water, Radiant
CoolingNone
BasementYes
WaterfrontNone
ViewNone
MLS #50149263
Lot Size0.12 Acres
StatusActive

About 216-218 E Franklin St

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. You may claim the Homestead Tax Exemption for the percentage used as your primary residence. 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.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: RE/MAX DOUGLASS R.E.-H
  • Office Phone: (906) 482-1000
  • Listing Agent: GRETCHEN JANSSEN

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Oven, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None

Parking Information:

  • Parking: 3 or More Spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant
  • Cooling: None

School Info

School District Information:

  • School District: Hancock Public Schools

Other

Directions Information:

  • Directions: Cross the bridge, proceed to downtown Hancock, (R) on Tezcuco St., (L) on E Franklin, building on (L).

Price Information

Listing Price Info

Price Summary:

  • List Price: $285,000
  • Price Per SqFt: $89/SqFt
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Housing Market Comparison

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

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Hancock, MI

City

Med. Sold Price

$192K

Med. Price/SqFt

$105

Avg. Days On Market

37

# of Sold Homes

7

216-218 E Franklin St vs Hancock

154 DAYS ON ROCKET

+117 Days

$285,000

+$93K More

$89/SqFt

-$16 Less

KEY TAKEAWAY

This property is $93K more than the Median Sold Price and $16/SqFt less than other homes in Hancock, MI.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Upper Peninsula Assoc of Realtors
  • MLS Number: #50149263

Listing Office:

  • Office Name: RE/MAX DOUGLASS R.E.-H
  • Office Phone: (906) 482-1000
  • Listing Agent: GRETCHEN JANSSEN

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: 12/22/2024, 6:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Total Monthly Payment

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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.

Nearby Schools

school-card-donut-1038143
6
/10

  • Barkell Elementary School

  • 1201 N Elevation St

  • 0.83 miles

  • Public District Grades KG-5

school-card-donut-1038144
7
/10

  • Houghton Elementary School

  • 203 W Jacker Ave

  • 0.88 miles

  • Public District Grades KG-5

school-card-donut-1038145
8
/10

  • South Range Elementary School

  • 2 Whealkate Dr

  • 5.05 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,471. Residents of Hancock, MI typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Houghton County›Hancock›49930›216-218 E Franklin St

This home is located at 216-218 E Franklin St in Hancock, MI and zip code 49930. This 3,200 square foot home, which was built in 1900, sits on a 0.12 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 21, 2024 and is currently priced at $285,000.

Hancock, MI housing market in November 2024 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 4 sold below. Between October 2024 and November 2024, Hancock, MI real estate market has seen decrease in the number of listings by 13.6%. In November 2024 median list price was $192,000 and the average listing age was 37 days.

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

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