208 E Montezuma Houghton, MI 49931

Multi-Family (2-4 Units) MLS #: 50136735 Listed By CENTURY 21 Affiliated
1100 Century Way, Suite C, Houghton, MI 49931

$950,000

5 beds | 2 baths
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Estimated monthly payments: $4,153/mo.* (recalculate)

Property InformationDescription

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.

Features

  • Cooling: Central A/C
  • Exterior Living Space: Deck
  • Fireplace Description: Electric
  • Garage Count: 1 Car Garage
  • Garage Description: Garage
  • Heating - Fuel Type: Gas
  • Heating Type: Forced Air
  • Kitchen Features: Eat-in Kitchen
  • Lot Size: 0.11 Acres
  • Sewer: Public
  • Style: Multi Family - 2-4 Units
  • Water: City Water, Municipal Water

MAP & DIRECTIONS

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208 E Montezuma, Houghton, MI 49931
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School Information

208 E Montezuma, Houghton, MI 49931

Elementary School
Grades KG-5 | Public School
HOUGHTON ELEMENTARY SCHOOL
Houghton, MI 49931
203 W Jacker Ave
906.­482.0456
Distance: 0.5 mi
School Rating
B+
Student:Teacher Ratio
17:1
Total Students
595
Middle School
Grades 6-8 | Public School
HOUGHTON MIDDLE SCHOOL
Houghton, MI 49931
1603 Gundlach Rd
906.­482.4871
Distance: 0.9 mi
School Rating
B
Student:Teacher Ratio
20:1
Total Students
325
High School
N/A
Other Nearby Schools Distance Type Grades School Rating
Career And Technical Education 0.5 mi Public 9-12
Houghton Portage Township High School 0.9 mi Public 9-12 A
Barkell Elementary School 1.5 mi Public KG-5 B-
Hancock Middle/high School 1.6 mi Public 6-12 B
Copper Country Learning Center 2.0 mi Public PK-12
Dollar Baytamarack City Area K12 School 3.0 mi Public KG-12 A
Copper Country Christian School 3.7 mi Private PK-12
South Range Elementary School 5.1 mi Public KG-6 A-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Houghton, MI 49931

Median Age: 25.6
Married: 30%
Number of Households: 2,913
Households with Children: 16.4%
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    • 0 Rented
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    • 0 Work at Home