$ 380,000
10456 S US-31 Elk Rapids, MI 49629
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$ 380,000
Est. payment | /mo
1.26 Acres Lot
$ 380,000
Est. payment | /mo
1.26 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Municipality Elk Rapids Twp
Subdivision Elk Rapids Twp
MLS Listing ID 80051304
HOA Y/N true
Originating Board MiRealSource
Year Built 1959
Lot Size 1.260 Acres
Acres 1.26
Lot Dimensions 300x119x150x178x225
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!
Location
State MI
County Antrim
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Structure Type Wood Siding
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Broker, LLC.
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Shyanne Queen
Associate Broker/Team Lead | License ID: 6506049089
+1(616) 610-2005 | shyannesoldit@gmail.com