2870 N Us 31
Levering,
MI
49755
Property Details
List Price: |
$395,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
2800 |
Agency: |
Michigan Properties Network |
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Description/Comments
Lot Size: |
1 acre(s) |
Property Type: |
MultiFamily |
Year Built: |
1950 |
Notes: |
Terms Available! Looking for an Income Property or Rental Business Opportunity? The Arbor Apartments on US 31 North in Levering is a 7 unit apartment building with on site coin-op laundry and is zoned B-1/FF-2. 100% Occupied with leased tenants, 8.5% Cap Rate. Emmet County B-1 Zoning offers opportunities from Motel, Cabins, Bed & Breakfast to Retail, Office or Adult Foster Care Home. There may be room for a buyer to explore expanding the number of units. This apartment complex has a solid rental history and excellent visibility on the Northern corridor of US 31~ Just a few minutes from Pellston Airport, Mackinaw City, trails and lakes. Excellent High Visibility location to build your ideas and dreams into reality. The Adjacent and surrounding parcel is also listed separately MLS 468345 with 7 acres & a home~ if combined, these parcels could take the income variables to an entirely new level!Talk about potential~Yeah, let's talk about it! |
MlsNumber: |
468344 |
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Listing Provided By: |
Michigan Properties Network, original listing |
Name: |
Michigan Properties Network |
Phone: |
(231) 487-0700 |
Office Name: |
Sue Louiselle, Broker |
Office Phone: |
(231) 835-1555 |
Agent Name: |
Sue Louiselle |
Disclaimer: |
Copyright © 2024 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |