MI
Manistee
Manistee City
49660
101 Sibben Street
101 Sibben Street, Manistee City, MI 49660
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Listing Type
Multi Family
Listing Status
Active
0
$309,000

Home Details for 101 Sibben Street

Price
$309,000
Type
Residential Income
Bedrooms
4
Bathrooms
Square feet
NaN
Year built
1880
Lot size acres
0.25
County
Manistee
Garage
Basement
Full
Days on site
7
MLS Listing#
67025060461
Property Description

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 Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, 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-AirBnB 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 AirbnB available on request. Also leases.

Property Features
  • Utilities
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Available
    • Phone Connected
    • Sewer Connected
    • Sewer Available
  • Waterfront and Water Access
    • Lake Front
    • Waterfront
    • Lake
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Parking
    • Paved
  • Basement
    • Full
Listing Courtesy: CENTURY 21 Northland - 231-723-6100
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EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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