58
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$399,000
0.43 Acres Lot
Active
211 W State ST Tawas Twp, MI 48730
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Subdivision Plan Of The Village Of Et
MLS Listing ID 77080070123
Style Apartment, Victorian
Year Built 1890
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type MultiFamily
Property Description
Rare Opportunity with Land Contract Terms â€" Only 20% Down for Qualified Buyers! Built in the late 1800s by railroad conductor Milo Eastman, this iconic East Tawas landmark has been thoughtfully converted into five income-producing apartments while preserving much of its original character and architectural charm. Situated on two city lots, the property also includes a large two-story carriage house with original wood floors and an attached storage area. The building features five tenant-occupied units, all on month-to-month leases. Apartment #5 is a spacious two-story, 3-bedroom, 1.5-bath unit offering approximately 1,400-1,500 square feet with a private porch, laundry room, soaring ceilings, stained-glass windows, and beautiful original woodwork. Apartments #2, #3, and #4 are one-bedroom units, while Apartment #1 is a spacious open-concept studio. This property has a proven rental history with nearly zero vacancy, making it an exceptional investment opportunity. Recent improvements include a new concrete driveway for Apartments 1 and 2, an upgraded gravel driveway serving the remaining units and carriage house (both completed in 2022), and a complete roof replacement in 2008. Located within walking distance of downtown East Tawas and the beautiful shores of Lake Huron, the property offers tall ceilings, original trim, stained glass, spacious rooms, and timeless craftsmanship that is difficult to replicate. After many years of ownership, the sellers are ready to pass this treasured property to its next owner. Showings by appointment only for pre-approved buyers. Please do not disturb the tenants.
Location
State MI
County Iosco
Area Area35071Tawastwp
Rooms
Basement Exterior Entry, Full
Interior
Interior Features WalkInClosets
Heating Baseboard, Natural Gas, Other Heating Source
Cooling Ceiling Fans, Other
Flooring Hardwood
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Tawas
Others
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
Special Listing Condition Standard
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Listed by SHANNONE BONDIE of STERLING PROPERTIES
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