Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
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$325,000

$380,000

14.5%
Est.Price: ?

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Est. payment /mo

1.26 Acres Lot


SOLD DATE : 11/27/2024

Key Details

Sold Price $325,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Municipality Elk Rapids Twp

Subdivision Elk Rapids Twp

MLS Listing ID 80051304

Sold Date 11/27/24

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

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