8306 NE US 131, Mancelona, MI 49659 (MLS# 201827705)
8306 NE US 131, Mancelona, MI 49659
$895,000
Property Type:
Commercial
Status:
Active
Current Price:
$895,000
List Date:
1/04/2024
Last Modified:
3/07/2024
Description
Prime Investment Opportunity! This exceptional property, conveniently located at the corner of US-131 and M-66, presents a lucrative business venture. Currently operating as 25 units, with potential to expand to 27 units, this versatile space offers an array of rental options. Discover three charming 1-bedroom apartments, a spacious 2-bedroom unit, a 3-bedroom modular home, and several cozy efficiency units - some even equipped with kitchenettes. The addition of four brand-new hot water heaters ensures optimal comfort for all tenants. With on-site coin-operated laundry facilities and impressive monthly gross earnings of $18k, this is an investment not to be missed!
Owner is a licensed real estate agent.
More Information MLS# 201827705
Contract Information
Current Price: $895,000
Begin Date: 2024-01-04
List Price: $895,000
Status: Active
Property Information
Type: Business Op
Realtor.com Type: Commercial
For Sale or Rent: S
Lot Size Dimensions: 236x360x460x140
Bus/Invtry Descrip: Multi-Unit Residential Rentals
Location, Tax and Legal
County: Antrim
St. #: 8306
Street Direction Pfx: NE
Street Name: US 131
State: MI
Zip Code: 49659
Ownership Status: Owner
Township/City/Village: Mancelona
Subdivision or T/R: T29N R6W
Directions and Remarks
Directions: from downtown Mancelona and the intersection of US-131 Hwy and State St, Northeast on US-131 for 3/4 mile to destination on the NW side of the highway.
Sign
Sign: No
Taxes and Possession
Association Dues: No
Property Features
Business Information: Business Opportunity
Present/Ptntl Use: Motel; Rental
Construction: Frame
Electric: On Site
Gas: On Site
Water: Municipal
Sewer: Septic
Heat/Air: Electric
Basement: Slab
Extras: High Visibility; Highway Access; Kitchen Area; Laundry; Living Quarters; Manager On-Site; Smoke Detectors
Road: Paved
Drive: Blacktop
Occupant: Tenant
Util Pd by Owner: Cable; Electric; Maintenance; Water; Other
Showing Instructions: Appointment Only; Rented; Showingtime
Terms: Cash; Conventional Mort
Documents
Rent roll ›Listing Office: The TEAM Real Estate Group
Last Updated: March - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the website owner are marked with the WWLX logo and the detailed information about said listing includes the listing office. a. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor website owner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © All rights reserved.
