About 5692 N Us 31 Highway
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.
Features of 5692 N Us 31 Highway
| MLS® # | 480854 |
|---|---|
| Price | $497,000 |
| Bedrooms | 15 |
| Bathrooms | 13.00 |
| Full Baths | 13 |
| Square Footage | 4,769 |
| Year Built | 1971 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
| Water Front/Water Access | Neither |
Community Information
| Address | 5692 N Us 31 Highway |
|---|---|
| City | Levering |
| County | Emmet |
| State | MI |
| Zip Code | 49755 |
Amenities
| Features | Cable TV, Refrigerator, Washer, Off-Street Parking, Air-Conditioning, Ample Parking, Dryer, Range, Paved Roads |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Electric, LP Gas |
|---|---|
| Has Basement | Yes |
| Basement | Crawl |
| Stories | One |
Exterior
| Lot Description | 148 x 330 |
|---|---|
| Windows | Insulated |
| Roof | Asphalt Shingle |
| Construction | Wood Frame |
School Information
| District | Pellston |
|---|
Additional Information
| Zoning | B-2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Mandi Maghakian |
|---|---|
| Office | @properties Christie's International Real Estate - Petoskey |
| Contact Info | OFFICE: 231-881-9400 |