$400,000
$399,900
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722 SqFt
SOLD DATE : 06/21/2023
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 722 sqft
Price per Sqft $554
Subdivision Mi
MLS Listing ID 80006477
Sold Date 06/21/23
Style 2 Story
Year Built 1908
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 72'x130'x137'x50'x65'x7
Property Description
This 8 Unit Mulit-Family property is a one of a kind find in downtown Petoksey. The property is within walking distance to the Bear River Walk, Waterfront park, McLaren Northern Michigan Hospital, and the Little Traverse Wheelway. Your tenants can enjoy all the walking or biking enjoyment that downtown Petoskey has to offer. This property would be a great addition to an investment portfolio and is zoned RM-2, which allows for long term rentals, no short term rentals allowed. Units 1-2 are in great shape, units 3-8 need updates. Furnace where replace in 2019 and the driveway was paved recental. Land contract terms are available.
Location
State MI
County Emmet
Area Petoskey (24027)
Zoning Multi-Family
Rooms
Basement Full, MI Basement, Outside Entrance
Interior
Interior Features Hardwood Floors
Heating Forced Air
Fireplaces Type Gas
Appliance Range/Oven, Refrigerator
Exterior
Waterfront No
Building
Story 2 Story
Foundation Basement, Crawl, Slab
Water Public Water
Schools
School District Petoskey Schools
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Other
Listing Terms Other
Financing Cash,Land Contract
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with NON-MLS MEMBER OFFICE