5692 N US 31 Highway, Levering, MI 49755
sale
$497,000
|
Other
Courtesy Of RE/MAX Resort Properties
111 S. Lake St, Boyne City, MI 49712
Income-producing 13-unit apartment property currently fully rented and operating as long-term efficiency apartments. Formerly operated as a motel, the property offers an established rental history with 11 studio-style units, a larger corner unit, and an attached house/office. Additional features include on-site laundry, paved parking, approximately 1.1 acres, B-2 commercial zoning, well and septic. Located along US-31 in Levering with convenient access to Pellston, Petoskey, Mackinaw City and surrounding Northern Michigan communities. An opportunity to acquire an established income-producing property with potential for future improvements and continued rental growth. Financial information available to qualified buyers upon request.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Wood Frame
- Heating System: Electric (Heating)
- Heating System: Natural Gas
- Legal Description: Plat of L.G. Corneils 2nd Add to Levering,Lot 11.
- MLSID: 480854
- Roof Type: Shingle
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