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Multi-Family (2-4 Units)
Great income opportunity. An attractive commercial building located in beautiful downtown Elberta, Michigan. The building has been completely renovated and has a 98% rental success rate. Three upstairs apartments, one two bedroom and two one bedroom, are continuously occupied. The two commercial spaces on the main floor have street access, each has its own bathroom and office space, are also currently occupied. Those spaces could be converted to residential apartments or continue to be a commercial use according to the current village zoning. There is a four bay garage at the west of the property, each bay is separately rented at this time, as well. A lovely fenced and landscaped garden area is accessed from the south commercial space as well as a private gate. 24 houe notice is required to see the apartments.
MLS # 1868977
Courtesy Of Real Estate One, Inc.
521 Randolph Street, Traverse City, MI 49684
Appliances: Oven, Refrigerator
Architecture Style: Other
Cooling System: Central A/C
Heating System: Forced Air, Hot Water
Lot Size: 0.2 Acres
Parking Type: Driveway, Garage - Detached, Open, Paved or Surfaced
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Multi-Family (2-4 Units)
located at 703 Frankfort Avenue, Elberta, MI
is currently for sale.
703 Frankfort Avenue, Elberta is listed
This property has approximately 5,395 square feet, and Lot Size of approximately 0.2.
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