Listed by Sue Louiselle,Broker
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!

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Property Details of 2870 N Us 31 Highway, Unit Arbor Apts

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"Based on information submitted to Northern Michigan MLS as of December 4, 2024 5:14 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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