52175 M203 Highway, Hancock MI 49930,Hancock,Houghton,Residential

Description

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 332 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. 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.