Discover a remarkable Michigan Upper Peninsula real estate opportunity! This handyman special, priced at just $49,000, offers the chance to own over 1400 square feet of potential nestled near the stunning shores of Lake Michigan. Ideal for buyers looking to invest, this property also serves as a perfect family retreat or year-round home.
Location plays a crucial role in real estate, and this property is centrally located on Manistique’s east side. Imagine enjoying the easy walk to Lake Michigan, downtown, and various amenities that enhance day-to-day living. The home features an enclosed front porch, a vibrant kitchen, dining room, three bedrooms, and two baths. It’s a treasure waiting to be discovered by a uniquely qualified buyer willing to invest some sweat equity into revitalizing it into a dream home. With this price point, where else can you find a spacious 1400 square foot home for under $60,000?
Pros of Living in Manistique, MI
1. Affordable Cost of Living: Manistique shines with a cost of living approximately 20% lower than the national average. Housing costs in the area are particularly striking, at about 60% below the national average. For families, the average monthly expenses hover around $2,070, while a single person's monthly costs are about $2,100. This affordability makes Manistique an attractive choice for budget-conscious individuals and families seeking affordable housing in Manistique.
2. Scenic Natural Environment: Located along the beautiful shores of Lake Michigan, residents of Manistique enjoy easy access to stunning beaches, lush forests, and countless outdoor recreational activities. It’s a perfect backdrop for those who love hiking, fishing, and embracing the tranquility of the Michigan Upper Peninsula.
3. Tight-Knit Community: With a population of around 2,800, Manistique offers a warm, close-knit community atmosphere where neighbors are friends. This slower pace of life contributes to a strong sense of belonging among residents, making it an ideal place to raise a family.
4. Educational Opportunities: The Manistique Area Schools cater to the local community, providing three schools with a total enrollment of 721 students. The district offers Advanced Placement (AP) courses, fostering academic growth with a commendable student-teacher ratio of 17:1.
5. Access to Skilled Trades Opportunities: Skilled trades careers in Michigan are booming, with a significant demand for professionals. Over 520,000 jobs exist in sectors like manufacturing, automotive, healthcare, and IT. Median salaries in skilled trades hover around $61,000, creating an attractive landscape for graduates and individuals pursuing skilled trades careers in Michigan. Several programs and scholarships are in place to help potential candidates forge their paths in these lucrative fields.
Cons of Living in Manistique, MI
1. Higher Crime Rates: Manistique does contend with higher-than-average crime rates. With a violent crime rate of 854 per 100,000 people, it unfortunately ranks in the bottom 10% of U.S. cities for safety. Residents face a 1 in 118 chance of encountering violent crime, which is an essential factor for anyone considering a move.
2. Limited Employment Opportunities: The local job market is relatively small, primarily offering positions in education, retail, and public services. Professionals seeking specialized fields may find limited opportunities in this small community, posing challenges for those wanting a higher-paying career.
3. Challenging Weather Conditions: Those unaccustomed to harsh winter climates may find Manistique's long, cold winters daunting. Significant snowfall during these months can impact daily activities and transportation, leading to potential challenges for residents.
4. Limited Healthcare Access: While basic healthcare services are available locally, specialized medical care often requires traveling to larger cities. This can be a significant concern for individuals with specific health needs or ongoing medical requirements.
5. Aging Population: The demographic makeup of Manistique shows a higher percentage of residents aged 65 and older, which may influence the availability of community services and activities targeting younger individuals.
The Michigan Upper Peninsula Real Estate Market
Investors and homebuyers shouldn't overlook the investment properties in Michigan market, especially in areas like Manistique. The unique characteristics of this handyman special, coupled with the community’s strengths, can provide substantial returns for those willing to invest time and resources into revitalizing properties.
This property is brokered by KELLER WILLIAMS NM PENINSULA PARTNERS, ensuring professional guidance throughout your real estate journey. Individuals interested in exploring this property, or diving deeper into the Michigan Upper Peninsula real estate landscape, should reach out to the realtor listed or connect with an agent of their choice for independent verification of details and status.
Real estate opportunities like this exist for those ready to venture into the potential of the Michigan Upper Peninsula. Whether you're drawn to the affordable housing options in Manistique or the growing demand for skilled trades careers in Michigan, investing in property can be not only a financial decision but also a lifestyle choice that offers a path to community and tranquility.
Seize the chance to invest in this hidden gem and start a new life in picturesque Manistique, Michigan!