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Waterfront Only

 Houghton County

 Ontonagon County

 Baraga County

 Keweenaw County

 Iron County

 Gogebic County

52175 M203 Highway

Hancock, MI 49930

$399,000

MLS# 50220117

LISTING STATUS

Active

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PORTAGE LAKE! This two-unit waterfront property sits on approximately 332 feet of Portage Canal frontage. Each residential unit has 2 bedrooms, 1 full bathroom, and a private entrance. The waterfront-side unit features an eat-in kitchen, a living room with large windows overlooking the canal, a main-floor bedroom, a full bathroom, a second-floor private bedroom, and a walkout basement with convenient waterfront access. The second unit includes an eat-in kitchen, living room, and full bathroom on the main floor, with 2 bedrooms upstairs. Both units are tenant-occupied with signed leases and flexible terms for landlords; leases may be shared for a buyer’s review with a prequalification letter and/or proof of funds. Outside, the property offers approximately [enter frontage here based on survey] feet of waterfront, 2 permanent docks, a rustic wood-fired sauna, and a sizable roadside storage shed for outdoor equipment and recreational gear. This is a special opportunity to own Portage Canal waterfront property with existing rental income potential until you are ready to occupy and enjoy it yourself. Since 2022, the seller has completed many updates, including some of the following: flooring, electrical, plumbing, appliances, kitchen fixtures, bathroom fixtures, exterior improvements, drywall, painting, and more. A list of updates is available upon request. Leases to transfer at closing. ------ NOTICE: Information is believed accurate but not guaranteed. Buyers must inspect & verify all property details. Buyers accept all risks of inaccuracies, including but not limited to, acreage, lot size/location, square footage, & utility availability/costs. Real estate taxes will be reassessed & may change significantly after sale; do not assume your tax bills will match the seller’s. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Buyer pre-approval or proof of funds documentation to be provided upon request. ------OFFERS: Please allow 72 hours for a response. Seller may set or change offer deadlines at any time with or without notice.

Location

SCHOOL DISTRICT

Hancock Public Schools

COUNTY

Houghton

WATERFRONT

Yes

PROPERTY TAX AREA

Hancock Twp (31012)

ROAD ACCESS

City/County, Paved Street, Year Round

WATER FEATURES

Canal Frontage, Lake Frontage, Water View, Waterfront, Interior Lake

LEGAL DESCRIPTION

Parcel 1 and 2 being a part of Government Lot 5, Section 9, T55N, R34W, Hancock Township, See survey for full legal description. Both parcel IDS: 007-009-056-00 and 007-009-057-00

Residential Details

BEDROOMS

4.00

BATHROOMS

2.00

SQ. FT. (FINISHED)

2020.00

ACRES (APPROX.)

0.27

LOT DIMENSIONS

332x34x332x50+/- See Surv

YEAR BUILT (APPROX.)

1920

STYLE

Traditional

Room Sizes

BEDROOM 1

11x12

BEDROOM 2

12x10

BEDROOM 3

11x6

BEDROOM 4

7x9

BATHROOM 1

9x4

BATHROOM 2

5x5

BATHROOM 3

x

BATHROOM 4

x

LIVING ROOM

18x12

FAMILY ROOM

17x11

DINING ROOM

x

DINING AREA

9x17

KITCHEN

18x10

UTILITY/LAUNDRY

x

OFFICE

x

BASEMENT

Yes

Utilities

HEATING

LP/Propane Gas: Boiler

AIR CONDITIONING

Ceiling Fan(s)

SEWER

Septic

WATER

Private Well

Building & Construction

EXTERIOR CONSTRUCTION

Wood, Asphalt

FOUNDATION

Partial Basement

OUT BUILDINGS

Shed, Sauna

FIREPLACE

None

GARAGE

EXTERIOR FEATURES

Deck

INTERIOR FEATURES

None (InteriorFeatures)

FEATURED ROOMS

Listing Details

LISTING OFFICE

Century 21 Affiliated

LISTING AGENT

Larson, Emmett

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