-
2870 N US 31 Arbor Apts Levering, MI 49755
- Other / Resale (MLS)
Property Details for 2870 N US 31 Arbor Apts, Levering, MI 49755
Features
- Price/sqft: $141
- Total Units: 7
- Total Rooms: 1
- Room List: Basement
Facts
- Year Built: 01/01/1950
- Property ID: 879752367
- MLS Number: 468344
- Property Type: Other
- County: EMMET
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Terms Available! Looking for an Income Property or Rental Business Opportunity? The Arbor Apartments on US 31 North in Levering is a 7 unit apartment building with on site coin-op laundry and is zoned B-1/FF-2. 100% Occupied with leased tenants, 8.5% Cap Rate. Emmet County B-1 Zoning offers opportunities from Motel, Cabins, Bed & Breakfast to Retail, Office or Adult Foster Care Home. There may be room for a buyer to explore expanding the number of units. This apartment complex has a solid rental history and excellent visibility on the Northern corridor of US 31~ Just a few minutes from Pellston Airport, Mackinaw City, trails and lakes. Excellent High Visibility location to build your ideas and dreams into reality. The Adjacent and surrounding parcel is also listed separately MLS 468345 with 7 acres & a home~ if combined, these parcels could take the income variables to an entirely new level!Talk about potential~Yeah, let's talk about it!
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a UltraForeclosures.com preferred agent for listings in your area
Click here to view more details
Property Brokerage:
Michigan Properties Network
7511 E. Lincoln Rd
Cedar
MI
49621
Copyright © 2024 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.