208 E Montezuma Avenue Active Save Request In-Person Tour Request Virtual Tour
Houghton,MI 49931
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $271
Subdivision Mi
MLS Listing ID 50136735
Style 1 Story
Bedrooms 5
Full Baths 2
Half Baths 2
Year Built 2010
Annual Tax Amount $5,366
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Property Description
Downtown Houghton – Mixed use building in the heart of the City of Houghton! Building is currently set up as 2 commercial units and 2 residential units with 6 parking spaces in garage beneath the units. The location is fantastic located one block above the main Street of Houghton with restaurants, shopping, waterfront parks, trail along the lake, close to Michigan Tech and more! Unit 1 has 2 private offices, reception/waiting area, supply room and half bathroom. Unit two includes 3 offices, reception area and half bathroom. The third office has access options from either Unit 1 or 2, depending on the lease terms and currently included in Unit 2’s lease. Unit 3 is a 3 bedroom, 1 bathroom apartment with eat-in kitchen, living room. Unit 4 is a 2 bedroom, 1 bathroom apartment with eat-in kitchen and living room. Both residential units have granite counters, beautiful cabinetry and access to their own half of the deck overlooking the downtown building-scape, glimpses of the Portage Lake Lift Bridge, the hillside across the Portage and maybe even a glimpse of the water from some angles. Units 1, 3 and 4 have access through the drive under garage. Currently the 6 parking spaces are allocated: Unit 2 has 1, Unit 3 has 3 and Unit 4 has 2. Each unit has separate utilities that tenants pay. Building has fire suppression system. Residential leases are through June 2025. Commercial leases are through November 2025. Each unit has own heating system and water heater. Staircase inside building to access roof. Property zoning is B-3 (General Business). Some photos are from previous years between tenant occupancies. Prequalification letter is required for showings. Prequalification letter and non-disclosure agreement is required to review lease information. Year Built: Foundation is original from 1900. Main level was constructed in 2010. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property & bears all risks for any inaccuracies. Buyer to verify all information including but not limited to the estimated acreage, lot size, square footage, utilities (availability & costs associated). Buyer should not assume the buyer’s taxes will be the same as seller’s present tax bills. Taxes are subject to change (possibly significant) & property will be reassessed by the municipality after sale is completed. Sellers/Tenants may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.
Location
State MI
County Houghton
Area Houghton (31014)
Zoning Commercial
Rooms
Basement Block,Partial,Stone
Dining Room Eat-In Kitchen
Kitchen Eat-In Kitchen
Interior
Interior Features Fire Sprinkler
Heating Forced Air
Cooling Central A/C
Fireplace No
Appliance Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer
Exterior
Exterior Feature Other
Parking Features Basement Access,Electric in Garage
Garage Spaces 6.0
Building
Lot Description Platted
Story 1 Story
Foundation Basement
Water Public Water
Structure Type Other
Schools
School District Houghton-Portage Twp Schools
Others
Ownership LLC
SqFt Source Estimated
Energy Description Natural Gas
Financing Cash,Conventional