Address
703 Frankfort Avenue, Elberta, MI
Price
$ 455,000
Property Attributes
- MLS#1868977
- TypeMulti-Family
- CountyBENZIE
- CityElberta
- AreaBenzie
- NeighborhoodGilmore
- Zip49628
- Style2 Story
- Price$ 455,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage5395
- Lot Size8,712 SqFt
Data Source:
Northern Great Lakes REALTORS® MLS (NGLRMLS)
Property Description
Located on the iconic Michigan Highway M22 and the Betsie Valley Trailhead. 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 currently unoccupied. 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 hour notice is required to see the apartments.
| Price History | |
|---|---|
| 10/26/2019 | Listed $460,000 |
| 5/13/2022 | 2% - $455,000 |
General Features
| Basement | Slab |
|---|---|
| Energy Efficient | Not Applicable |
| Roof | Membrane, Metal |
| School District | Frankfort-Elberta Area Schools |
| Sewer | Municipal |
| Zoning | Residential, Multi-Family, Commercial, Outbuildings Allowed, Building-Use Restrictions, Rental History |
Interior Features
| 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
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49628
Price
Visits
Year Built
Walkscore
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Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
