Historic Multi-Unit Property Overlooking Manistee Lake. Discover $309,000

River Home For Sale

Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development-create a new rental unit, owner's suite, or additional potential. Apartment B-Currently operating as a successful turn-key , fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk. Whether you're looking to expand your rental portfolio or create a mixed-use income strategy, this unique property delivers flexibility, charm, and strong potential. Owners pay water, Sewer & refuse. Apt B- has a new furnace. Apt C wall furnace, is on a Month -Month lease at $800/month, includes Utilities , Apt D- has a lease @ $800/Month & pays Electric & Gas. All units have separate meters for Electric & Gas so can easily be adjusted. Updates to building are:- -Exterior paint, (with trim and porches) - Exterior repairs - Exterior porch dusk-to-dawn lighting + motion detecting light for back apartments' foyer - New furnace spring of '25 - Multiple new window packages throughout - Landscaping - Interior designing / furnishings for apt B Financials on available on request. Also leases.