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Listed by Daphne Cousineau • The TEAM Real Estate Group
$925,000
Est. payment /mo
Active
8306 NE US 131 Mancelona, MI 49659
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Key Details
Property Type Commercial
Sub Type Business Op
Listing Status Active
Purchase Type For Sale
Subdivision T29N R6W
MLS Listing ID 201833151
Property Sub-Type Business Op
Property Description
Prime Investment Opportunity! Now with city water and sewer! This exceptional property, conveniently located at the corner of US-131 and M-66, presents a lucrative business venture .New gas lines run to the single story building Jan 2025! Currently operating as 25 units, with potential to expand to 27 units, this versatile space offers an array of rental options. Discover three charming 1-bedroom apartments, a spacious 2-bedroom unit, a 3-bedroom modular home, and several cozy efficiency units - some even equipped with kitchenettes. The addition of four brand-new hot water heaters ensures optimal comfort for all tenants. With on-site coin-operated laundry facilities and impressive monthly gross earnings of $18k, this is an investment not to be missed! Owner is a licensed real estate agent
Location
State MI
County Antrim
Zoning Commercial
Direction from downtown Mancelona and the intersection of US-131 Hwy and State St, Northeast on US-131 for 3/4 mile to destination on the NW side of the highway.
Rooms
Basement Slab
Exterior
Present Use Motel,Rental
Road Frontage Paved
Building
Sewer Septic
Water Municipal
Structure Type Frame
Others
HOA Fee Include No
Acceptable Financing Owner
Listing Terms Owner