42280 Willson Memorial Us 41 Chassell, MI 49916

Property Details for 42280 Willson Memorial Us 41

Property type

Specialty properties

Property subtype

Land

Description

This exceptional investment opportunity presents a 10-unit apartment complex ideally situated in the charming village of Chassell, Michigan, just 7.6 miles from Houghton. Boasting a prime location, this property offers stunning views of Pike Bay and Portage Lake, with convenient access to a park and walking trail. Originally a motel, the building underwent a comprehensive renovation between 2010 and 2011, transforming it into a thriving apartment complex. The renovation included new flooring, energy-efficient appliances (including gas stoves), updated insulation, drywall, individual shut-off valves, a room sprinkler system, new windows and doors, updated bathroom fixtures, blinds, and a complete roof replacement, including soffits and fascia. A computerized, energy-efficient boiler/hot water tank system was also installed. The complex comprises two studio units, five one-bedroom units, and three two-bedroom units, with one handicapped-accessible unit. Six units feature wall air conditioning units, while the remaining units have sleeves for future installation. Ample parking is available both in front and behind the building. The property includes a coin-operated laundry room and an office. Access to the crawl space is available. Potential buyers must be pre-qualified for a mortgage or provide proof of funds. Financial information will be provided upon execution of a confidentiality agreement. All information should be independently verified by the buyer. A minimum of 48-hour notice is required for viewings of a few of the units. Tenants' rights apply. All information is believed to be accurate but is not warranted. The buyer is responsible for verifying all aspects of the property. Real estate taxes are subject to change. The property will be reassessed after the sale. Sellers may have audio/video recording devices on the property.

Location Insight

City

Chassell

County

Houghton

State

Michigan

Longitude

-88.5243

Latitude

47.0297