10456 S US-31, Elk Rapids, MI 49629
10456 S US-31, Elk Rapids, MI 49629
10456 S US-31, Elk Rapids, MI 49629
21
Listed by  Real Broker, LLC.
$325,000
$380,000
14.5%
Est.Price: ?

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4 BA
2,171 SqFt

10456 S US-31 Elk Rapids, MI 49629

Est. payment /mo
SOLD DATE : 11/27/2024

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Key Details

Sold Price $325,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,171 sqft

Price per Sqft $149

MLS Listing ID 1927844

Sold Date 11/27/24

Style Apartment

Year Built 1959

Lot Size 1.260 Acres

Acres 1.26

Property Sub-Type Multi Family

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.

Location

State MI

Community Common Area

Interior

Interior Features Storage, Entrance Foyer, Cable TV, WiFi

Heating Forced Air, Natural Gas

Fireplaces Type None

Fireplace false

Appliance Refrigerator, Oven/Range, Washer, Dryer, Electric Water Heater, Water Softener Rented

Exterior

Community Features Common Area

Waterfront Description Private

Roof Type Asphalt

Garage false

Building

Story Two

Foundation Slab

Sewer Private Sewer

Water Private

Architectural Style Apartment

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Nearby Locations

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Lisa Ferguson

Lisa Ferguson

Agent

+1(231) 675-9149

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