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    8306 Us-131

    Mancelona, MI 49659
    • $695,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 201811215
    UPDATED: 52 min ago
    $695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,500
      SQFT
    • $66
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Multi-Unit, Short Term Residential Rental Opportunity, located on the corner of US 131 and M-66. Property offers strong cash flow, low maintenance, and opportunity for on-site manager or additional rental income options. Efficiency Units with 6 month minimum rental agreements allow for transient contract workers, winter or summer tourist industry residents, and seasonal rentals for the place up north to secure for a few months. Many updates and maintenance items have been addressed, providing an easy transition into ownership of the next owner. Investment Property being offered at a 12.5% CAP Rate, with an attractive ROI and long term opportunity for growth this is the Multi-Unit investment you have been waiting for.

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    © 2021 Empire Access Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Northland. Data last updated: 2021-05-06T23:32:48.773.

    www.c21northland.com/homes/115380302
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    8306 Us-131 Mancelona, MI 49659

    • Price: $695,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 201811215
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,500
    SQFT
    $66
    $/SQFT
    Neighborhood:
    Mancelona
    County:
    Antrim
    Area:
    Mancelona
    Property Description
    Multi-Unit, Short Term Residential Rental Opportunity, located on the corner of US 131 and M-66. Property offers strong cash flow, low maintenance, and opportunity for on-site manager or additional rental income options. Efficiency Units with 6 month minimum rental agreements allow for transient contract workers, winter or summer tourist industry residents, and seasonal rentals for the place up north to secure for a few months. Many updates and maintenance items have been addressed, providing an easy transition into ownership of the next owner. Investment Property being offered at a 12.5% CAP Rate, with an attractive ROI and long term opportunity for growth this is the Multi-Unit investment you have been waiting for.
    Exterior Features

    Construction Frame Drive Blacktop Lot Size Dimensions 236X360x250x460x140 Parking CommonParking Lot Road Paved

    Interior Features

    Basement Slab Heat Air Electric

    Property Features

    Accessibility Covered EntranceNo-Step Entrance Annual Gross Income 190000.00 Bus Invtry Descrip Multi-Unit Residential Rentals Business Information Income PropertyReal Estate Only Current Zoning Commercial Electric On Site Extras High VisibilityHighway AccessKitchen AreaLandscapedLaundryLiving QuartersManager On-SiteSmoke Detectors For Sale Or Rent S Gas On Site Internet Access Cable Ownership Status Owner Present Potential Use HotelMotelOfficeRentalResort Sewer Septic Subdivision Or TR T29n R6w Terms CashCash To New Mortgage Township City Village Mancelona Type Hospitality Util Pd By Owner ElectricMaintenanceSewer Water Municipal

    Listing information © 2021 Water Wonderland Board of Realtors, Inc.


    © 2021 Empire Access Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Northland. Data last updated: 2021-05-06T23:32:48.773.

     
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