About 2870 N Us 31 Highway Arbor Apts
Terms Available! Looking for an Income Property or Rental Business Opportunity? The Arbor Apartments on US 31 North in Levering is a 7 unit apartment building with on site coin-op laundry and is zoned B-1/FF-2. 100% Occupied with leased tenants, 8.5% Cap Rate. Emmet County B-1 Zoning offers opportunities from Motel, Cabins, Bed & Breakfast to Retail, Office or Adult Foster Care Home. There may be room for a buyer to explore expanding the number of units. This apartment complex has a solid rental history and excellent visibility on the Northern corridor of US 31~ Just a few minutes from Pellston Airport, Mackinaw City, trails and lakes. Excellent High Visibility location to build your ideas and dreams into reality. The Adjacent and surrounding parcel is also listed separately MLS 468345 with 7 acres & a home~ if combined, these parcels could take the income variables to an entirely new level!Talk about potential~Yeah, let's talk about it!
Features of 2870 N Us 31 Highway Arbor Apts
MLS® # | 468344 |
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Price | $395,000 |
Square Footage | 2,800 |
Acres | 1.60 |
Year Built | 1950 |
Type | Multi-Family |
Sub-Type | Multifamily |
Status | Active |
Community Information
Address | 2870 N Us 31 Highway Arbor Apts |
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City | Levering |
County | Emmet |
Province | MI |
Postal Code | 49755 |
Amenities
Features | AC Wall Unit, Refrigerator, Paved Road |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | LP Gas, Electric |
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Fireplace | No |
Has Basement | No |
Basement | None, Slab |
Exterior
Lot Description | 100x575 irr |
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Windows | Insulated |
Roof | Asphalt Shingles |
Construction | Wood Frame |
School Information
District | Pellston |
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Additional Information
Zoning | B-1 & FF-2 |
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Foreclosure | No |
Short Sale | No |
Listing Details
Office | Sue Louiselle, Broker |
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