2870 N Us 31 Highway Arbor Apts, Levering, MI

$425,000

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2,800

Square feet

1.60

Acres

About 2870 N Us 31 Highway Arbor Apts

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!

Features of 2870 N Us 31 Highway Arbor Apts

MLS® # 468344
Price $425,000
Square Footage 2,800
Acres 1.60
Year Built 1950
Type Multi-Family
Sub-Type Multifamily

Community Information

Address 2870 N Us 31 Highway Arbor Apts
City Levering
County Emmet
State MI
Zip Code 49755

Amenities

Features AC Wall Unit, Refrigerator, Paved Road
# of Garages 0.0
Is Waterfront No
Has Pool No

Interior

Heating LP Gas, Electric
Fireplace No
Has Basement No
Basement None, Slab

Exterior

Lot Description 100x575 irr
Windows Insulated
Roof Asphalt Shingles
Construction Wood Frame

School Information

District Pellston

Additional Information

Zoning B-1 & FF-2
Foreclosure No
Short Sale No

Listing Details

OfficeSue Louiselle, Broker

Listing Map

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