2870 N US 31 Highway 2870 N US 31 Highway Levering, Michigan 49755 United States
2870 N US 31 Highway Levering, Michigan 49755 United States
$425,000
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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....
- 1.6 Acres
- Exterior
- Multi-Family Homes
- Property type
- 1950
- Year Built
- 468344
- Web Id
- 468344
- MLS ID
- 252
- days ago
About 2870 N US 31 Highway
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!
PROPERTY INFORMATION
- Basement
- None, Slab
- Sewer
- Septic
- Water
- Well
- Waterfront
- Neither
EXTERIOR
- Construction
- Wood Frame
- Roofing
- Asphalt Shingles
ADDITIONAL INFORMATION
- Number of Units
- 7
Listing Courtesy of Sue Louiselle, Broker