x
Price Reduction
Address
823 Leelanau Avenue Frankfort, MI
Price
$ 479,765
Property Attributes
  • MLS#1848193
  • TypeMulti-Family
  • CountyBENZIE
  • CityFrankfort
  • AreaBenzie
  • NeighborhoodFrankfort
  • Zip49635
  • Style2 Story,Victorian
  • Price$ 479,765
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2608
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Schmidt-522
Property Description

Location, Location! Great opportunity to own a 3-unit property in historic neighborhood in downtown Frankfort, just a few minutes’ walk to the beach, and just 1000 feet from the boat launch, marina, and bike path.   The main house built in the late 1800's by a Norwegian ship captain, has undergone an extensive restoration over the last 18 months.  Main floor apartment is all new after being stripped to the studs.  Upstairs apartment underwent a refresh after already being renovated by the previous owner.  A great addition to the property is the large 3-car detached garage with workshop and third brand new apartment above.   Enjoy relaxing evenings on the covered front porch , barbecuing on your private rear deck.   This Property has an Excellent Rental Income. First year (2017) the property generated $20,000 in income using only two of the three units, both rented less than half the year. One unit as a Vacation Rental the other a Long Term Rental. Turn this entire property into a Vacation Rental, and generate as much as $84,000.00 annually combining Short Term Summer Rentals with winter renters Or make this property your family compound with multiple guests quarters.   This is a must see. A perfect example of renovations done right.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/12/2018 Listed $495,000
8/2/2018 4% - $479,765

General Features

Energy Efficient Energy Star Appliances, Low-e Windows, Chemical Free Insulation
Latitude 44.6345710757607
Longitude -86.2299391666565
School District Frankfort-Elberta Area Schools
Zoning Multi-Family

Interior Features

Basement Full, Poured Concrete, Daylight Windows
Interior Features Hardwood Floors, Laundry Hook-up, Storage Space, Formal Dining Room, Great Room, Pantry, Foyer Entrance, Mud Room, Granite Kitchen Tops, Granite Bath Tops, Drywall

Exterior Features

Exterior Features Sidewalk, Fenced Yard, Landscaped, Multi-Level Decking, Porch, Covered Porch
Roof Asphalt
Sewer Municipal
Water Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49635

Price
AVG $780K
$480K
Visits
AVG 84
14
Year Built
AVG 1955
1881
Walkscore
AVG 32
55

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