LOCATION, LOCATION, LOCATION - in the heart of the quaint village of Chassell and 7.6 miles to Houghton. The Chippewa Apartments consists of 10 apartments and a coin operated laundry room and office and backs to the park and walking trail. Enjoy the view of Pike Bay & Portage Lake. The Chippewa was converted from a motel to apartments in 2010 & 2011. Two units are studio type, 5 apartments have 1 bedroom, and 3 apartments consists of 2 bedrooms. One unit is handicapped accessible and 6 of the units have wall A/C units while the others have a sleeve in which to install a A/C unit. Most units have a view of the Bay, walking trail and park. The initial renovation includes flooring, energy star appliances (gas stoves) insulation, drywall, individual shut-off values, room sprinkler system, windows, doors, toilets, bathroom fixtures, blinds and roof replacement as well as soffits, facia, energy efficient computerized boiler/hot water tank system. There is access to the crawl space. The apartments were available to start renting in 2011. There is an incredible amount of parking space in the front and back of the building. POTENTIAL BUYERS MUST BE PREQUALIFIED FOR A MORTGAGE OR SHOW PROOF OF FUNDS IF PAYING CASH WITH PROOF PROVIDED TO LISTING AGENT BEFORE SHOWING WILL BE SCHEDULED. FINANCIAL INFORMATION CAN BE PROVIDED UPON RECEIPT OF A SIGNED CONFIDENTIALIY STATEMENT BY POTENTIAL PURCHASER. All information must be verified by the buyer and their buyer's agent. A minimum of 48-hour notice to view a few of the units. The agent representing the Seller must accompany all showings. Arrangements will be made to view all units during the purchaser's due diligence period. TENANTS RIGHTS APPLY. NOTICE: All information believed accurate but not warranted. Buyer is recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyer's tax bills will be similar to the seller's current tax bills. Taxes are not zero. Sellers may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property.