Looking for an investment gem? This c.1900 Michigan Upper Peninsula Handyman Special for just $49,000 could be your next big project!
This unique property, located at 520 Michigan Ave, Manistique, MI 49854, is perfect for home buyers who aren't afraid of a little renovation. Encompassing 1,400 square feet, it features an enclosed front porch, a colorful kitchen, a cozy dining room, three bedrooms, and two baths. Imagine the potential as a year-round residence or a family retreat where you can easily walk to beautiful Lake Michigan!
This high-potential home awaits a uniquely qualified buyer—someone who can envision the possibilities and is willing to invest some sweat equity. The location makes this handyman special a solid investment opportunity. With homes in this area rarely priced below $60,000, it raises an enticing question: where will you find a better deal?
Pros of Living in Manistique, MI
1. Affordable Cost of Living
Serving as a significant pull, Manistique boasts a cost of living approximately 20% lower than the national average. Housing is particularly affordable, often around 60% below average. For instance, monthly expenses total about $2,070 for a family and $2,100 for a single person. This financial edge makes the area particularly appealing for individuals and families on a budget.
2. Scenic Natural Environment
Nestled along the shores of Lake Michigan, Manistique provides residents easy access to stunning beaches, dense forests, and a plethora of outdoor recreational activities such as fishing and hiking. The tranquility of this natural haven makes it ideal for those seeking peace and beauty in their daily lives.
3. Tight-Knit Community
With a population of around 2,800 people, Manistique fosters a thriving community atmosphere. Residents enjoy a slower, more connected lifestyle where neighbors know each other. This creates a sense of belonging that many look for in a new place to call home.
4. Educational Opportunities
Manistique Area Schools serve the local youth with a total enrollment of 721 students across three schools. They offer Advanced Placement (AP) courses, maintaining a respectable student-teacher ratio of 17:1—something parents look for when relocating.
5. Access to Skilled Trades Opportunities
Michigan has a notable demand for skilled trade professionals, boasting over 520,000 jobs across various fields like manufacturing, automotive, healthcare, and IT. For job-seekers, local programs and scholarships exist to help explore these promising opportunities, with median salaries hovering around $61,000.
Cons of Living in Manistique, MI
1. Higher Crime Rates
Despite its many charms, it's crucial to note that Manistique has higher-than-average crime rates. Violent crime stands at 854 per 100,000 people, which places it in the bottom 10% of U.S. cities for safety. Residents face a 1 in 118 chance of experiencing violent crime, prompting careful consideration for potential movers.
2. Limited Employment Opportunities
Manistique's local job market is relatively small, mainly offering employment in sectors such as healthcare, retail, and public services. Professionals seeking specialized or higher-paying positions may find limited options, making this a critical factor when weighing potential relocations.
3. Challenging Weather Conditions
Known for its long, cold winters, Manistique brings significant snowfall that can be daunting for newcomers. Adjusting to harsh winter climates might pose challenges, especially regarding transportation and daily activities in the colder months.
4. Limited Healthcare Access
Basic healthcare services are available; however, individuals with specific medical needs may need to travel to larger cities for specialized care. This could be a significant concern for some potential residents.
5. Aging Population
Manistique has a notable percentage of residents aged 65 and older, which may affect the availability of certain community services and activities tailored to younger demographics. This demographic makeup is an important factor to consider for potential incoming families.
This Michigan Upper Peninsula handyman special, priced at just $49,000, offers an incredible investment opportunity and the chance to create a livable space close to Lake Michigan. If you see the potential in this property and would like to explore this opportunity further, please reach out to the realtor linked below, or feel free to contact an agent of your choosing. Independent verification of details and status is recommended.
Brokered by KELLER WILLIAMS NM PENINSULA PARTNERS.