101 Sibben Street
Manistee, MI 49660

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Description

Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment opportunity in this historic building ideally positioned with stunning views of Manistee Lake & just a short walk to vibrant downtown Manistee. With the potential for four income-producing apartments, this property offers immediate revenue, future growth, & a highly desirable location.Apartment A-Lower-level walkout space ready for development—create a new rental unit, owner's suite, or additional Airbnb potential. Apartment B-Currently operating as a successful turn-key Airbnb, fully furnished & ready to continue generating short-term rental income from day one. Apartments C & D-Both units have wonderful long-term renters in place, providing stable, consistent income.Additional features include assigned off-street parking, charming historic character throughout, & unbeatable proximity to Lake Michigan beaches, local shops, restaurants, & Manistee Riverwalk. Whether you're looking to expand your rental portfolio or create a mixed-use income strategy, this unique property delivers flexibility, charm, and strong potential. Owners pay water, Sewer & refuse. Apt B-AirBnB has a new furnace. Apt C wall furnace, is on a Month -Month lease at $800/month, includes Utilities, Apt D- has a lease @ $800/Month & pays Electric & Gas. All units have separate meters for Electric & Gas so can easily be adjusted. Updates to building are:- -Exterior paint, (with trim and porches) - Exterior repairs - Exterior porch dusk-to-dawn lighting + motion detecting light for back apartments' foyer - New furnace spring of '25 - Multiple new window packages throughout - Landscaping - Interior designing / furnishings for apt B Financials on AirbnB available on request. Also leases.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Manistee County
• Zip Code: 49660
• Year Built: 1880
• School District: Manistee
• Units: 3 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 10890 sq ft lot
• Waterfront: Lake Front
• Construction Materials: Wood Siding
• Cooling: Window Unit(s)
• Cross Street: First Street
• Directions: S 31 to First St. East on First St. Property is first home on the curve.
• Driveway: Paved
• Extras: Sep Electric Meter, Sep Gas Meter
• Financial Available: Yes
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Corner Lot, Level, Sidewalk
• Lot Features: Corner Lot, Level, Sidewalk
• Lot Size Area: 0.25
• Lot Size Square Feet: 10890
• Lot Size Units: Acres
• MLS Area Major: MasonOceanaManistee - O
• MLS Area Minor: MasonOceanaManistee - O
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 3
• Owner Pays: Sewer, Trash Collection, Water
• Parcel Number: 51-512-275-01
• Parking Features: Paved
• Possession: Negotiable
• Road Frontage: 80
• Road Surface Type: Paved
• Roof: Composition
• SEV: 109700
• Sewer: Public Sewer
• Spec Assessment Ty: None Known
• Statewide Lakes Rivers: Manistee Lake
• Street Type: Paved, Public
• Tax Annual Amount: 5674
• Tax Legal Description: PT GOVT LOT 2 COM 2 RDS E + 2 RDS S OF CEN LINES SIBBEN + 1ST ST, E 8 RDS, S 8 RDS, W 8 RDS, N 8 RDS TO POB EXC S 50 FT. .25 A*M/L SEC 12 T21N R17W. ____P.ADDR: 101 SIBBEN ST. APTS SALE(77) 2354 0469 (78) 290 1361 0710 (87) 40 3494 0936 (98) 595 16 92 0193 (01) 750 1751 0683
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional
• Township: City of Manistee
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
• Water Access: No
• Water Body Name: Manistee Lake
• Water Source: Public Water
• Zoning Description: Residential