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, 7.5% 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!
Price $450,000
Zoning: B-1 & FF-2
Area: Pellston
Water: Well
Association: No
Sale or Rent: For Sale
Ttl fin. Sqft: 2800
Lot Size: 100x575 irr
Sewer: Septic
Units: 7
Acres: 1.60
Features: AC Wall Unit,Refrigerator,Paved Road
Listing Provided Courtesy of:
Sue Louiselle, Broker
