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    703 Frankfort Avenue

    Elberta, MI 49628
    • $460,000
    • STATUS: Active
    • ON SITE: 331 days
    • MLS #: 1868977
    UPDATED: 42 min ago
    $460,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,395
      SQFT
    • $85
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1863
    County:
    Area:

    School Ratings & Info

    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.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-22T12:52:07.5.
    www.housestraversecity.com/homes/100319772
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    703 Frankfort Avenue Elberta, MI 49628

    • Price: $460,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 1868977
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    5,395
    SQFT
    $85
    $/SQFT
    1863
    Built
    Neighborhood:
    Village Of Elberta
    County:
    Benzie
    Area:
    Benzie
    School District:
    Frankfort-Elberta Area Schools
    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.
    Exterior Features

    Additional Buildings None Construction Frame Exterior Features Garden Area Exterior Finish Vinyl Siding Lot Dimensions 75 X 115.7 Primary Garage Paved DrivewayGarage For Each UnitDetachedDoor OpenerConcrete Floors Road BlacktopPublic Maintained Roof MembraneMetal Water Features None

    Interior Features

    Appliances Equipment RefrigeratorOven/RangeBlinds Apx Sqft A 720 Apx Sqft B 648 Apx Sqft C 889 Bath A 1 Bath B 1 Bath C 1 Bath D 2 Bdrm A 1 Bdrm B 1 Bdrm C 2 Fireplace And Stoves None Foundation Crawl SpaceSlab Heating Cooling Type Forced AirHot WaterCentral Air Interior Features Foyer EntranceDrywall Sqft D 3126

    Property Features

    Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureLbp Disclosure Energy Efficient Not Applicable Heating Cooling Sources Natural Gas Included In Lease None Lease Terms Other Listing Agreement Type Exclusive Right To Sell Mineral Rights Unknown Possession Negotiable Property Type Duplex (2 Story) Renewable Not Applicable Section Number 34 Sewer Municipal Style 2 Story Terms CashConventional Mortgage Township Gilmore Tv Service Internet Avail Wifi Type Of Ownership Private Owner Univs Design Barrier Free Main Floor Access Water Municipal Water Conservation Not Applicable Year Remodeled 2004 Zoning Use Restrictions ResidentialMulti-FamilyCommercialOutbuildings AllowedBuilding-Use RestrictionsRental History



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-22T12:52:07.5.
     
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