$569,000 Price Analysis    ♡   Charlevoix, MI 49720 Unknown bed None bath 2,490 SqFt ($228/SqFt) 1.33 acre lot. Built 1947 Listed 2024-07-12 | ✓ USDA Eligible near Charlevoix, MI Restrictions may apply due to home size |
Income producing 7 unit multi-family development on over an acre of commercially zoned property
Well located near the Charlevoix Airport and convenient shopping options. The units are now connected to the city sewer. Most of the 1 bedroom 1 bath units have been remodeled over the last few years. The 1 acre parcel with 200' of US 31 frontage, offers a wide variety of different opportunities for income (see Charlevoix Township Zoning permitted uses). To enhance the existing rental business, add an onsite laundry, carports or more units!
Might even be able to be converted to vacation rentals. As an added bonus, there's one campsite with full hook-ups that has ben consistently rented for many summers.
Presented by Brett Binkley at
EXP Realty.
Property MLS #474331 from NorthernMI
Lot Size Dimensions: 200 x 240
Lot Size Square Feet: 57935
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 950
Unit 2 Total Actual Rent: 1000
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 950
Map directions Map directions Map directionsRange
Refrigerator
Source Listing Status: Active
County: Charlevoix
Source Property Type: Multifamily
Property Subtype: Apartments
Source System Name: C2C
$569,000
NorthernMI
Year Built: 1947
Property Age: 77
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.