Petoskey, MI 49770 138 E Sheridan Street
$875,000
8 more
Presented By: Christopher Skrobeck at Van Treese Management LLC - (231) 373-7921
Home Details
Well-located 5-unit close to downtown and services. Four units renovated (new electric, drywall, flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8,100/mo with a mix of renovated and durable finishes. City utilities. Large lot with on-site parking and green space. Attractive cash flow today with upside on future turns and light exterior enhancements.
Presented By: Christopher Skrobeck at Van Treese Management LLC - (231) 373-7921
Interior Features for 138 E Sheridan Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Closet
General for 138 E Sheridan Street
Additional Parcels Y/NNo
CityPetoskey
Construction MaterialsVinyl Siding
CoolingNone
CountyEmmet
Gross Income97200.0
HeatingForced Air
High School DistrictPetoskey
Insurance Expense5312.0
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionMARTIN KIRWAN'S ADD. LOT 3 BLK 2, ALSO E 44 FT OF LOT 5 BLK 2 ALSO W 15 FT OF LOT 10 BLK 2. SECTION 6, T34N, R5W.
Listing TermsFHA, Cash, Conventional
Lot Size Square Feet149411.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
Net Operating Income52231.08
New ConstructionNo
Number Of Units Total5
Operating Expense44968.92
OwnerPaysTrash Collection, Electricity, Water, Sewer, Gas
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount12200.0
Tax Assessed Value101220
Tax Year2024
Tenant PaysNone
TownshipPetoskey City
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Year Built1900
Exterior for 138 E Sheridan Street
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions153x82.5
Lot Size Acres3.43
Lot Size Area3.43
Number of Buildings1
Road Surface TypePaved
SpaNo
Total Parking8.0
Waterfront Y/NNo
Additional Details
Price History
Rebekah Schenck
Realtor
Similar Properties to 138 E Sheridan Street
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.
We keep your info safe & never share it. View our Terms of Use.
Thomas Fallie
Phone:
(708) 516-3783
License #543277