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Off market
  • $490,900

    703 Frankfort Ave, Elberta, MI 49628

    --beds
    0baths
    5,395sqft
    MultiFamily
    Built in 1863
    -- sqft lot
    $490,900 Zestimate®
    $91/sqft
    $-- HOA

    What's special

    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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Concrete
    Interior area
    • Total interior livable area: 5,395 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 8,712 sqft
    Details
    • Parcel number: 0650109400

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Metal
    Condition
    • Year built: 1863

    Community & neighborhood

    Location
    • Region: Elberta
    Services availability
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    An equal housing lender. NMLS #10287.