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    404 E State Street

    Fife Lake, MI 49633
    • $400,000
    • STATUS: Active
    • ON SITE: 1169 days
    • MLS #: 1783168
    UPDATED: 23 min ago
    $400,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:

    School Ratings & Info

    Description

    270' of private water frontage on beautiful Fife Lake. Three completely remodeled, including upgraded heat and electrical, furnished apts. with all utilities included. Two upper level apts: One 3 bdr/1 ba rents for $1,000/Mo and one 2 bdr/1 ba rents for $800/Mo. On the lower level: 1 bdr/1 1/2 ba rents for $750/Mo. Off season rental rates slightly less. All three apts. could be used for Airbnb's or short-term weekly rentals. Additional income generated by rental of 16-24 boat slips at $650 ea/season. The unfinished area on the lower level was previously used successfully as a "bait shop", and could be used as another type of business/store/office. This is a rare opportunity for the right person!!

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-11-27T08:51:58.193.
    www.c21northland.com/homes/76772694
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    404 E State Street Fife Lake, MI 49633

    • Price: $400,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: 1783168
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    3,000
    SQFT
    $133
    $/SQFT
    1954
    Built
    Neighborhood:
    Metes And Bounds
    County:
    Grand Traverse
    Area:
    Grand Traverse
    Property Description
    270' of private water frontage on beautiful Fife Lake. Three completely remodeled, including upgraded heat and electrical, furnished apts. with all utilities included. Two upper level apts: One 3 bdr/1 ba rents for $1,000/Mo and one 2 bdr/1 ba rents for $800/Mo. On the lower level: 1 bdr/1 1/2 ba rents for $750/Mo. Off season rental rates slightly less. All three apts. could be used for Airbnb's or short-term weekly rentals. Additional income generated by rental of 16-24 boat slips at $650 ea/season. The unfinished area on the lower level was previously used successfully as a "bait shop", and could be used as another type of business/store/office. This is a rare opportunity for the right person!!
    Exterior Features

    Body Of Water Fife Lake Construction Timber FrameBlockFrame Exterior Features Log SidingWood Foundation FullWalkoutBlockSlabEgress WindowsDaylight WindowsEntrance Outside Lot Dimensions irregular Parking AssignedCommon Road BlacktopPublic Maintained Roof AsphaltMetal Water Front Footage 270

    Interior Features

    Heating Cooling Type Hot WaterBaseboardExternal Wood Burner

    Property Features

    Business Incl Yes Business Name Wilson's Bait And Tackle Deeded Waterfront Yes Documents On File None Eco Features No Energy Efficient Energy Efficient Windows Extras Furniture/Fixtures Heating Cooling Source Natural GasWood Included In Lease None Inventory Incl Yes Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession At Closing Present Use Retail StoreRecreational/ResortMarina Private Shared Private Real Estate Incl Yes Renewable Not Applicable Sale Or Lease For Sale Sale Rent For Sale Section Number 12 Sewer Municipal Terms CashCommercial LoanConventional Mortgage Township Fife Lake Type Retail/Commercial Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Private Well Water Conservation Not Applicable Year Remodeled 2006 Zoning Multi-FamilyRetailCommercial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-11-27T08:51:58.193.
     
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    CENTURY 21 Northland
    241 E State Street
    Traverse City MI, 49684