Elk Rapids Twp, MI 49629,10456 S US-31

$325,000

$380,000

14.5%
Est.Price: ?

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Est. payment /mo

700 SqFt


SOLD DATE : 11/27/2024

Key Details

Sold Price $325,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $464

Subdivision Elk Rapids

MLS Listing ID 78080051304

Sold Date 11/27/24

Style Apartment

Originating Board Aspire North REALTORS®

Year Built 1959

Lot Size 1.260 Acres

Acres 1.26

Lot Dimensions 300x119x150x178x225

Property Sub-Type Apartment

Property Description

Unlock the potential of this 4-plex multifamily investment home in beautiful Elk Rapids! Once a booming motel, this building has now been turned into a multi-unit apartment complex providing an excellent opportunity for both seasoned investors and first-time buyers looking to enter the multifamily market. Currently fully occupied with long-term tenants, this property has a proven track record of generating reliable rental income. Ideal for investors looking for immediate cash flow. Conveniently located in walking distance to the Elk Rapids day park, biking distance to downtown Elk Rapids with various shops and restaurants, and a quick drive into Acme. Its prime location ensures high demand for rentals. This multifamily home is not just a property; it’s an investment in your future! Whether you're looking to expand your real estate portfolio or start your journey in multifamily investments, this opportunity is not to be missed.

Location

State MI

County Antrim

Area Elk Rapids Twp

Zoning Multi-Family

Interior

Interior Features Water Softener (rented)

Hot Water Electric

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage no

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Apartment

Level or Stories 2 Story

Structure Type Wood

Schools

School District Elk Rapids

Others

Pets Allowed Yes

Tax ID 050602901400

Ownership Private Owned

Acceptable Financing Cash, Trade/Exchange

Listing Terms Cash, Trade/Exchange

Financing Cash,Trade/Exchange

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Realcomp MLS
Listed by Chelsea Bryant of Real Broker, LLC.
Bought with Wittbrodt WATERSIDE PROPERTIES
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