Address
703 Frankfort Avenue Elberta, MI
Price
$ 460,000
Property Attributes
  • MLS#1868977
  • TypeMulti-Family
  • CountyBENZIE
  • CityElberta
  • AreaBenzie
  • NeighborhoodGilmore
  • Zip49628
  • Style2 Story
  • Price$ 460,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage5395
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
REO-TC/Beulah-Frankfort
Property Description

Great income opportunity. An attractive commercial building located in beautiful downtown Elberta, Michigan. The building has been completely renovated and has a 98% rental success rate. Three upstairs apartments, one two bedroom and two one bedroom, are continuously occupied. The two commercial spaces on the main floor have street access, each has its own bathroom and office space, are also currently occupied. Those spaces could be converted to residential apartments or continue to be a commercial use according to the current village zoning. There is a four bay garage at the west of the property, each bay is separately rented at this time, as well. A lovely fenced and landscaped garden area is accessed from the south commercial space as well as a private gate. 24 houe notice is required to see the apartments.

Price History
10/26/2019 Listed $460,000

General Features

Energy Efficient Not Applicable
Roof Membrane, Metal
School District Frankfort-Elberta Area Schools
Sewer Municipal
Zoning Building-Use Restrictions, Commercial, Multi-Family, Outbuildings Allowed, Rental History, Residential

Interior Features

Basement Crawl Space, Slab
Interior Features Foyer Entrance, Drywall

Exterior Features

Latitude 44.617982
Longitude -86.226654
Exterior Features Garden Area
Water Features None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49628

Price
AVG $330K
$460K
Visits
AVG 22
29
Year Built
AVG 1892
1863
Walkscore
AVG 26
26
Data Provided by Walkscore ® not using MLS data

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