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Sold for $695,000 on 09/24/24
  • $695,000

    218 Elizabeth St, East Jordan, MI 49727

    --beds
    --baths
    2,397sqft
    Multi Family
    Built in 1956
    -- sqft lot
    $725,600 Zestimate®
    $290/sqft
    $1,280 Estimated rent

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    $1,280/mo

    Rent Zestimate®

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    $4,108/mo

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    $4,108/mo

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    What's special

    Welcome to this charming motel resort located in the vibrant community of East Jordan, directly across from the scenic South Arm of Lake Charlevoix. This popular lodging facility boasts 8 beautifully updated rooms, plus an additional 2-bedroom home, perfect for owner's accommodation or additional rental income. Other features include garage, laundry/storage and a large lot with lots of on site parking Guests will enjoy stunning lake views and convenient public access to Lake Charlevoix just steps away. East Jordan is one of Northern Michigan's beloved destinations, where the Jordan River meets the South Arm of Lake Charlevoix. The area offers numerous waterfront parks, nature trails, a marina, and a lively downtown filled with shops and restaurants.---------------- This property provides easy access to Charlevoix, Boyne Mountain, Petoskey, Lake Michigan, and all the attractions that make Northern Michigan so special. Currently professionally managed, this motel resort is an excellent investment opportunity. Alternatively, it can be operated as an owner-occupied business with the spacious apartment. Don't miss your chance to own a piece of Northern Michigan paradise!

    Zillow last checked: 9 hours ago

    Listing updated: September 24, 2024 at 06:00pm

    Listed by:

    Kenneth Weaver Home:231-668-6303,

    Berkshire Hathaway Homeservices - TC 231-947-7777

    Bought with:

    Eric Hubschneider, 6501376815

    REO-TCRandolph-233022

    Source: NGLRMLS,MLS#: 1925593MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas
    Appliances
    • Included: Refrigerator, Oven/Range
    Features
    • Other, Cable TV, High Speed Internet
    • Basement: Crawl Space
    • Has fireplace: Yes
    • Fireplace features: Other
    Interior area
    • Total structure area: 2,397
    • Total interior livable area: 2,397 sqft

    Property

    Parking
    • Parking features: One Car
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio, Porch, Covered
    • Waterfront features: Near Pub.Access w/in 500'
    Lot
    • Size: 0.90 Acres
    Details
    • Additional structures: Other
    • Parcel number: 05370500110
    • Zoning description: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Other
    • Roof: Metal/Steel
    Condition
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy efficient items: Not Applicable

    Community & neighborhood

    Community
    • Community features: Common Area
    Location
    • Region: East Jordan
    • Subdivision: South Arm Retreats

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Corporation