United StatesMichiganLevering2870 N US 31 Highway

2870 N US 31 Highway
2870 N US 31 Highway Levering, Michigan 49755 United States

$450,000
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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
Pellston Public Schools
School District
38
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
This Levering Multi-Family Homes is for Sale at $450,000 and was built in 1950. Has on a lot of 1.6 Acres.

 

Listing Courtesy of Sue Louiselle, Broker
Listing Courtesy of Sue Louiselle, Broker
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