About 524 State Street
Classic, well-maintained 6-unit multifamily in a walkable Petoskey neighborhood near downtown, schools, and employment. Mix of renovated units with durable finishes; exterior paint, porch rebuild, foundation work, breezeway update, and other recent upgrades. In-place rent ~$8,150/mo with stable tenancy. City utilities. Clean common areas, covered front porch, and landscaped grounds. Strong rental history with opportunity to continue interior refresh program and capture market rent on renewals/turns.
Features of 524 State Street
| MLS® # | 478381 |
|---|---|
| Price | $850,000 |
| Square Footage | 2,553 |
| Year Built | 1900 |
| Type | MULTI-FAMILY |
| Sub-Type | Multifamily |
| Status | Active |
Community Information
| Address | 524 State Street |
|---|---|
| City | Petoskey |
| County | Emmet |
| State | MI |
| Zip Code | 49770 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Michigan |
Exterior
| Roof | Asphalt Shingles |
|---|---|
| Construction | Wood Frame |
School Information
| District | Petoskey |
|---|
Additional Information
| Zoning | COP R-2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Van Treese Management LLC |
|---|---|
| Contact Info | christopher@vantreesemanagement.com |