624 Michigan 524 State St & 138 E Sheridan, Petoskey, MI

$2,500,000

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21

Beds

16

Baths

8,496

Square feet

About 624 Michigan 524 State St & 138 E Sheridan

Introducing a unique investment opportunity in the heart of Petoskey, Michigan! This multi-unit property features three homes, conveniently located at 624 Michigan Avenue, 524 State Street, and 138 E. Sheridan Street. Each of these well-maintained homes offers its own distinct charm and character, providing a variety of living options for potential residents. Currently, all units are occupied with month-to-month leases, making it an excellent opportunity for investors or those looking to start or expand their rental property portfolio. Situated in a desirable neighborhood, these homes are within close proximity to Petoskey's downtown area, offering easy access to shops, restaurants, and entertainment venues. Residents will also enjoy the convenience of nearby parks, schools, and other local amenities. The layout of each home is thoughtfully designed to maximize space and functionality. From cozy living areas to well-appointed kitchens and comfortable bedrooms, these units provide a comfortable and inviting atmosphere for tenants. The month-to-month lease agreements offer flexibility for future plans or the potential to renegotiate leases with longer terms. Investing in this multi-unit property offers not only the potential for a steady rental income stream but also the opportunity to take advantage of the strong demand for housing in the Petoskey area. Whether you're an experienced investor or a first-time buyer looking to enter the real estate market, this property presents a promising investment possibility. Please note that the sale of all three units is required as they are being offered as a package deal. Don't miss out on this exceptional chance to own a multi-unit property in Petoskey, Michigan. Contact us today to schedule a showing and explore the potential of this fantastic investment opportunity.

Features of 624 Michigan 524 State St & 138 E Sheridan

MLS® # 472781
Price $2,500,000
Bedrooms 21
Bathrooms 16.00
Full Baths 16
Square Footage 8,496
Acres 0.00
Type Commercial/Industrial
Sub-Type Commercial/Industrial
Status Active

Community Information

Address 624 Michigan 524 State St & 138 E Sheridan
City Petoskey
County Emmet
State MI
Zip Code 49770

Amenities

Utilities Underground Utilities
Features Refrigerator, Off-Street Parking, Range, Washer, Natural Gas, Dryer
Is Waterfront No

Interior

Heating Natural Gas, Electric, Forced Air
Stories Two
Has Basement Yes
Basement Michigan

Exterior

Windows Thermo, Vinyl Clad
Roof Asphalt Shingle
Construction Wood Frame

School Information

District Petoskey

Additional Information

Zoning R-2
Foreclosure No
Short Sale No

Listing Details

OfficeGaslight Group Properties

Listing Map

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