$595,000

MLS 468576
5692 N US 31 Levering, MI 49755  
mls

LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 9.6% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up!
Price $595,000 Zoning:  B-2
Area: Pellston Water: Well Association: No
Sale or Rent: For Sale Ttl fin. Sqft: 4760 Lot Size:
Sewer: Septic Units: 13 Acres: 0.00

Features: AC Wall Unit,Cable,Paved Road
For more information contact:
Real Estate One - Petoskey
231-347-6200

Direct Link:  https://reomich.com/petoskey/reopetoskey/multifamily/index.php?view=468576