$392,000

CENTRAL HOUGHTON INVESTMENT OPPORTUNITY! This 7-bedroom, 2 1/2-bath home is located just one block from downtown Houghton and about one mile from Michigan Technological University’s campus. Licensed with the City of Houghton for 9 occupants, the home offers spacious living areas throughout and has a great rental history! The main floor includes a kitchen, dining room, living room, one bedroom, laundry area, half bath, enclosed back entry, and an inviting open front porch. The second level features 4 bedrooms and a full bathroom, while the third level includes 2 additional bedrooms and another bathroom. Character details include hardwood floors in most rooms, original built-in cabinets, and original woodwork. A garage provides direct access to the basement but is not used for parking. A paved driveway on the west side of the home leads to a paved parking area behind the property. Updates completed within the last 15+/- years include the roof (approximately 7+/- years old), high-efficiency boiler, 2 water heaters, and added wall and roof insulation. The property is leased through May 1st, 2027, and the lease must transfer at closing. A prequalification letter or proof of funds, along with a non-disclosure agreement, is required to review financials and leases. Rental licensed with the City of Houghton for 9 unrelated occupants. ----- 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. Taxes are not zero. GIS, apps and plat book pages/maps are not surveys. Audio/video recording may occur on the property; entry implies consent to recording. 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.