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$ 235,000
$ 235,000
12218 7th Street Bear Lake, MI 49614
0.67 Acres Lot
UPDATED:
Key Details
Sold Price $235,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Bear Lake Twp
MLS Listing ID 26007850
Sold Date 04/15/26
Year Built 1992
Annual Tax Amount $2,130
Tax Year 2025
Lot Size 0.670 Acres
Acres 0.67
Lot Dimensions 140x 261/130
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio.
Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate.
Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Location
State MI
County Manistee
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling None
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Asphalt, Driveway
Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Metal
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Recreational
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding
New Construction No
Schools
School District Bear Lake
Others
Tax ID 02-641-734-30
Acceptable Financing VA Loan, Rural Development, MSHDA, FHA, Cash, 2nd Mortgage, Conventional
Listing Terms VA Loan, Rural Development, MSHDA, FHA, Cash, 2nd Mortgage, Conventional
Bought with Five Star Real Estate - Onekama
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Agent | License ID: 6501457704