215 Sixth Street, Calumet MI 49913 – (MLS #50151036)

Description

HISTORIC 1902 Coppo Block Building – The original woodwork, sandstone arched entry and exterior accents are signature features of this historic building that the owner has carefully considered in the restoration of the building. This investment property has a very nice rental history and location in the quaint town of Calumet. The location has convenient proximity to the shops and are galleries on Fifth and Sixth Streets and the area’s larger employers of Aspirus Keweenaw and Calumet Electronics; both sources of possible tenants. A short drive to Swedetown recreational area to enjoy many outdoor activities. The main level includes two commercial rentals. Each of the upper two levels have 3 apartments each. The apartments have 2 bedrooms, kitchen, living area and their own laundry areas. This building has undergone a comprehensive historic rehabilitation including all new electrical, mechanical, and plumbing systems, double rubber roof and drain system, and steel egress balconies. Exterior facade features red Jacobsville sandstone and original storefronts with prismatic glass transom windows. The building is highly efficient and soundproof with substantial exterior wall insulation, and interior partition and floor insulation. Parking spaces in rear of building & some are leased in rear adjacent lot. Each rental unit has its own furnace. Roof is a newer rubber roof. Basement: Full basement & historically the front part was storefronts with doors and windows access from the sidewalk; which is now hollow underneath giving an extra 400sf +/- of basement storage space. (Note: Building on the corner of Oak and Fifth is adjacent but not part of this property.) Landlord pays heat, water, dumpster, plowed parking. Tenant pay for electric, internet, cable. Seller has intentionally left 3 residential units without leases for buyer flexibility to fill vacancies at buyer preferred rates. 1 residential unit has been used as a short term rental. Seller would consider a package deal including 613 Oak St (MLS 50125795) and 215 6th St. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyer’s tax bills will be similar to the seller’s current tax bills. Taxes are not zero. Prequalification, non-disclosure agreement and 72 hours notice required prior to showing. Financials and unit rent and lease inventory available to prequalified buyers. Request 72 hours response time on offers.