Description
Looking for an Income Property or Rental Business Opportunity? The Arbor Apartments on US 31 North in Levering is a 7 unit apartmentbuilding with on site coin-op laundry and is zoned B-1/FF-2. 100% Occupied with leased tenants, 7.5% Cap Rate. Emmet County B-1Zoning offers opportunities from Motel, Cabins, Bed & Breakfast to Retail, Office or Adult Foster Care Home. There may be room for abuyer to explore expanding the number of units. This apartment complex has a solid rental history and excellent visibility on the Northerncorridor of US 31~ Just a few minutes from Pellston Airport, Mackinaw City, trails and lakes. Excellent High Visibility location to buildyour ideas and dreams into reality.The Adjacent and surrounding parcel is also listed separately with 7 acres & a home~ if
combined, these parcels could take the income variables to an entirely new level!Talk about potential~Yeah, let's talk about it!
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IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 8th December, 2023 1:16 AM (UTC)
Listing Agent: Sue Louiselle
Listing Office: Coldwell Banker Schmidt-TC
