Coming soon 08/17

$200,000

W5496 1st St, Hermansville, MI 49847

7beds

4,105sqft

$1,346/mo

Get pre-qualified

Multi Family

Built in 1950

-- sqft lot

$205,100 Zestimate^®

$49/sqft

$-- HOA

What's special

Excellent investment opportunity featuring five spacious apartment units with a desirable mix of three one-bedroom apartments and two two-bedroom apartments. Each unit offers generous living space complemented by beautiful high ceilings and charming original hardwood floors, adding warmth and character throughout. The variety of unit sizes provides flexibility and broad tenant appeal. A new roof was installed in 2024, adding value to this well-positioned property. A full basement provides ample storage space and convenient on-site laundry facilities, adding functionality for both tenants and ownership. Conveniently located close to the school and a nearby playground, the property also features a nice-sized backyard, offering additional outdoor space for tenants to enjoy. Whether you’re looking to expand your investment portfolio or step into multi-family ownership, this property offers excellent potential and income-producing possibilities.

--
on Zillow
74
views
3
saves

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5

Rooms

Room types: Entry, Bedroom, Living Room, Laundry, Workshop

Bedroom 1

Features: No

Bathroom

Features: First Flr Bath Lav/Half, Second Flr Bath Lav/Half

Dining room

Features: Formal Dining Room

Kitchen

Features: Eat-in Kitchen

Heating

Radiator

Cooling

None

Appliances

Included: Range/Oven, Refrigerator, Gas Water Heater
Laundry: Lower Level Laundry

Features

Basement: Concrete,Full
Has fireplace: No

Interior area

Total structure area: 4,105
Total interior livable area: 4,105 sqft

Property

Parking

Parking features: Unassigned

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Waterfront features: None
Body of water: None
Frontage length: 50

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 150
Features: Cleared, Main Street, Walk to School

Details

Parcel number: 01114901500
Zoning: Commercial-Improved
Zoning description: Commercial
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Cedar, Vinyl Siding, Vinyl Trim
Foundation: Basement, Concrete Perimeter

Condition

Year built: 1950

Utilities & green energy

Electric: 200+ Amp Service, Circuit Breakers
Gas: Natural Gas
Sewer: Public Sanitary
Water: Private Well, Drilled Well
Utilities for property: Natural Gas Connected, Sewer Connected

Community & HOA

Community

Subdivision: None

Location

Region: Hermansville

Financial & listing details

Price per square foot: $49/sqft
Annual tax amount: $2,440
Date on market: 8/14/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Ownership type: LLC
Lease term: Month To Month
Total actual rent: 4200

Estimated market value

$205,100

$144,000 - $277,000

$859/mo

Price history

Date	Event	Price
10/7/2022	Pending sale	$89,000$22/sqft
Source: Upper Peninsula AOR #50092346 Report a problem
10/6/2022	Listed for sale	$89,000+43.5%$22/sqft
Source: Upper Peninsula AOR #50092346 Report a problem
6/16/2021	Sold	$62,000-11.3%$15/sqft
Source: Agent Provided Report a problem
2/10/2021	Listed for sale	$69,900$17/sqft
Source: Upper Peninsula AOR #1124584 Report a problem
1/5/2021	Contingent	$69,900$17/sqft
Source: Upper Peninsula AOR #1124584 Report a problem
1/5/2021	Pending sale	$69,900$17/sqft
Source: STATE WIDE REAL ESTATE OF ESCANABA #1124584 Report a problem
12/8/2020	Listed for sale	$69,900+16.7%$17/sqft
Source: STATE WIDE REAL ESTATE OF ESCANABA #1124584 Report a problem
4/2/2015	Listing removed	$59,900$15/sqft
Source: State Wide Real Estate of Escanaba #1076168 Report a problem
1/27/2015	Price change	$59,900-14.3%$15/sqft
Source: State Wide Real Estate of Escanaba #1076168 Report a problem
1/11/2014	Listed for sale	$69,900$17/sqft
Source: STATE WIDE REAL ESTATE OF ESCANABA #1076168 Report a problem