Lake City MI Multi Family for Sale
$299,900
1991 S Morey Lake City, MI 49651
- Type:
- Multi-Family
- Sq.Ft.:
- 1,277
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.36 Acres
- Year built:
- 1930
- Baths:
- MLS#:
- 80045950
- Subdivision:
- N/A
ADDITIONAL INFORMATION
The iconic "Cobblestone Station" that welcomes you to the south end of Lake City offers a buyer many options. It has been used as a single family home for the last several years. The home has been completely renovated, keeping the charm of the local field stone in place. The home is set up as two separate apartments, each with its own electric meter. The main floor offers one large bedroom, bathroom, kitchen, and the living room area which showcases the old stone pillars and stone wall of the home. As you enter the upstairs through the arched entryway, you will find another fully finished living space. With an open floor concept there is a full kitchen, bathroom, living room, and bedroom. The architecture of the large dormers allows for plenty of floor space and natural light. Outside you will discover a small guest house, complete with a shower, toilet, and sink area. This has potential for another rental income. There is a fenced yard offering privacy and plenty of room to play or park your toys. With no zoning for this township, this property offers many possibilities, and would make a great two unit apartment, office or retail space with living upstairs. It would make a great short term rental investment, with the ability to have 3 separate rentable spaces plus room for RV parking. Downtown Lake City is just a bike ride away where you can enjoy the beaches of Lake Missaukee, the "Greatest Fourth in the North" celebration, and hit all of the eateries and pubs available. Come be a part of this great piece of history and see all of the charm that this property brings. With a large down payment, there could be possibilities for seller assisted financing.
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Lake City Real Estate
The median home value in Lake City, MI is $234,900. This is higher than the county median home value of $119,400. The national median home value is $219,700. The average price of homes sold in Lake City, MI is $234,900. Approximately 50.84% of Lake City homes are owned, compared to 15.57% rented, while 33.58% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake City real estate agent to arrange a tour today!
Lake City, Michigan has a population of 996. Lake City is more family-centric than the surrounding county with 33.88% of the households containing married families with children. The county average for households married with children is 27.3%.
The median household income in Lake City, Michigan is $47,500. The median household income for the surrounding county is $42,370 compared to the national median of $57,652. The median age of people living in Lake City is 37 years.
Lake City Weather
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 9.5 degrees. The average rainfall is approximately 33 inches per year, with 68.6 inches of snow per year.