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703 Frankfort Avenue, Elberta, MI 49628

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Listing Type
multi family
Listing Status
active
Explore Elberta, MI
8
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Transportation
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$455,000

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Home Details for 703 Frankfort Avenue

Price
$455,000
Type
multi family
Year Build
1863
Sq. Ft.
5395
Lot Size
0.2
MLS Listing#
1868977
On exitrealty.com
939 days

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.
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Property Features

EXIT REALTY PARAMOUNT
515 W Fourteenth St., Traverse City, MI 49684
$455,000

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EXIT REALTY PARAMOUNT
515 W Fourteenth St., Traverse City, MI 49684