Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
Elk Rapids, MI 49629,10456 S US-31
21
$325,000
$380,000
14.5%
Est.Price: ?

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700 SqFt

10456 S US-31 Elk Rapids, MI 49629

Est. payment /mo
SOLD DATE : 11/27/2024

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Key Details

Sold Price $325,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $464

MLS Listing ID 80051304

Sold Date 11/27/24

Style 2 Story

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! Whether you're looking to expand your real estate portfolio or start your journey in multifamily investments, this opportunity is not to be missed.

Location

State MI

County Antrim

Area Elk Rapids Twp (05006)

Zoning Multi-Family

Interior

Heating Forced Air

Appliance Dryer, Range/Oven, Refrigerator, Washer, Water Softener - Leased

Exterior

Exterior Feature Wood

Building

Story 2 Story

Foundation Slab

Water Private Well

Structure Type Wood

Schools

School District Elk Rapids Schools

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Cash

Listing Terms Cash

Financing Cash,Exchange/Trade

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Real Broker, LLC.
Bought with Wittbrodt WATERSIDE PROPERTIES

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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