703 Frankfort Avenue, Elberta, MI
$ 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


  • 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

AVG $350K
AVG 37
Year Built
AVG 1884
AVG 26
Data Provided by Walkscore ® not using MLS data

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