Map
Listed price in listed location currency (USD).
$325,000
$380,000

000

MLS® 78080051304

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 700 sqft
Garage No
Taxes 
Lot Size 1.26 acres
Approx. Age 1959
Avg. Price Per Sqft $542
MLS® Number 78080051304

Property Address: 10456 S Us Highway 31, Elk Rapids, MI, 49629-9736

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number78080051304
Laundry Level
Central VacNo
FireplaceNo
Acreage1.26
Exterior
GarageNo
Approx. Age1959
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Oct 17, 2024End Date
$325,000Sold Price

Sold

Oct 4, 2024List Date
$380,000List Price

Map

Similar Listings

Comparable Properties