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$450,000

MLS 468344
2870 N US 31 Levering, MI 49755  
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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
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Listing Provided Courtesy of:
Sue Louiselle, Broker

Copyright 2020 Northern Michigan MLS (NMMLS)
Listing provided by EMMET and ACK Association of Realtors, database last updated Monday August 08, 2022
 
Direct Link:  https://reomich.com/petoskey/reopetoskey/multifamily/index.php?view=468344