Skip To Content

703 Frankfort Avenue

Elberta, MI 49628
  • $460,000
  • STATUS: Active
  • ON SITE: 762 Days
  • MLS #: 1868977
UPDATED: 22 min ago
$460,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,395
    SQFT
  • $85
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1863
County:
Area:

School Ratings & Info

Description

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 also currently occupied. 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 houe notice is required to see the apartments.

Monthly Payment Calculator



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-11-27T12:51:51.523.
www.brickcorbett.com/homes/100319772
Print Image

703 Frankfort Avenue Elberta, MI 49628

  • Price: $460,000
  • Status: Active
  • On Site: 762 Days
  • Updated: 22 min ago
  • MLS #: 1868977
0
Beds
0
Baths
0
½ Baths
0.2
Acres
5,395
SQFT
$85
$/SQFT
1863
Built
Neighborhood:
Village Of Elberta
County:
Benzie
Area:
Benzie
School District:
Frankfort-Elberta Area Schools
Property Description
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 also currently occupied. 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 houe notice is required to see the apartments.
Exterior Features

Additional Buildings None Construction Frame Exterior Features Garden Area Exterior Finish Vinyl Siding Lot Dimensions 75 X 115.7 Primary Garage Paved DrivewayGarage For Each UnitDetachedDoor OpenerConcrete Floors Road Public MaintainedBlacktop Roof MembraneMetal Water Features None

Interior Features

Appliances Equipment RefrigeratorOven/RangeBlinds Apx Sqft A 720 Apx Sqft B 648 Apx Sqft C 889 Bath A 1 Bath B 1 Bath C 1 Bath D 2 Bdrm A 1 Bdrm B 1 Bdrm C 2 Fireplace And Stoves None Foundation Crawl SpaceSlab Heating Cooling Type Forced AirHot WaterCentral Air Interior Features Foyer EntranceDrywall Sqft D 3126

Property Features

Deeded Waterfront No Development Amenities None Documents On File Sellers DisclosureLbp Disclosure Energy Efficient Not Applicable Heating Cooling Sources Natural Gas Included In Lease None Lease Terms Other Listing Agreement Type Exclusive Right To Sell Mineral Rights Unknown Possession Negotiable Property Type Duplex (2 Story) Renewable Not Applicable Section Number 34 Sewer Municipal Style 2 Story Terms Conventional MortgageCash Township Gilmore Tv Service Internet Avail Wifi Type Of Ownership Private Owner Univs Design Barrier Free Main Floor Access Water Municipal Water Conservation Not Applicable Year Remodeled 2004 Zoning Use Restrictions ResidentialMulti-FamilyCommercialOutbuildings AllowedBuilding-Use RestrictionsRental History

Listing information © 2021 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Reo-Tc/Beulah-Frankfort: 231-882-4449.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-11-27T12:51:51.523.
 
https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_3_1868977-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_3_1868977-2.jpg https://bt-photos.global.ssl.fastly.net/nglrmls/orig_boomver_3_1868977-2.jpg
Logo
Brick & Corbett
500 S Union Street
Traverse City MI, 49686