10456 S US-31, Elk Rapids, MI 49629
- $325,000
- 4
- BA
- 2,171
- SqFt
- Sold Price
- $325,000
- List Price
- $380,000
- Closing Date
- Nov 27, 2024
- Days on Market
- 13
- Status
- SOLD CO-OP MEMBER
- MLS#
- 1927844
- Bathrooms
- 4
- Living Area
- 2,171
- Lot Size (Acres)
- 1.26
- Style
- Apartment
- Year Built
- 1959
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.
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Additional Information
- Building Name
- Elk Rapids
- Stories
- 2
- Interior Features
- Storage, Entrance Foyer, Cable TV, WiFi
- Amenities
- Common Area
- View
- Countryside View, Seasonal View
- Heating
- Forced Air, Natural Gas
- Water
- Private
- Sewer
- Private Sewer
- School District
- Elk Rapids Schools
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Listing Courtesy of Real Broker, LLC.. 517-200-3245
Selling Office: Wittbrodt WATERSIDE PROPERTIES.