About 425 & 431 Madison St
Fantastic opportunity to own a mixed-use income producing property in the city limits of Petoskey. The property consists of a commercial store front, and 4 residential rental units. The commercial space is currently occupied by the owner and is 2350 square feet. The space would be ideal for any contractor type business. The residential units consist of a duplex with a 3-bedroom apartment and a studio apartment as well as a separate 28X40 garage. The next unit is a newly remodeled 1-bedroom unit above a 2-car garage. The last unit is a free standing 4-bedroom home with new roof. All units are fully occupied with long term tenants that would like to continue renting. See listing agent for further details.
Features of 425 & 431 Madison St
| MLS® # | 474697 |
|---|---|
| Price | $599,900 |
| Square Footage | 6,728 |
| Type | Multi-Family |
| Sub-Type | Multifamily |
| Status | Active |
| Water Front/Water Access | Neither |
Community Information
| Address | 425 & 431 Madison St |
|---|---|
| City | Petoskey |
| County | Emmet |
| State | MI |
| Zip Code | 49770 |
Amenities
| Features | Cable, Dryer, Range, Refrigerator |
|---|---|
| Parking | 3 |
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
Exterior
| Windows | Insulated |
|---|---|
| Roof | Asphalt Shingles, Metal |
| Construction | Wood Frame |
School Information
| District | Petoskey |
|---|
Additional Information
| Zoning | RM-2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Real Estate One |
|---|---|
| Contact Info | ctshuman@reopetoskey.com |