For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 722 sqft
Price per Sqft $554
Subdivision Na
MLS Listing ID 78080006477
Sold Date 06/21/23
Style Apartment
Originating Board Aspire North REALTORS®
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 Petosky
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Porch Patio, Porch
Garage no
Building
Foundation Crawl, Slab, Basement, Michigan Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Apartment
Level or Stories 2 Story
Schools
School District Petoskey
Others
Pets Allowed Yes
Tax ID 521906200053
Ownership Private Owned
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
Financing Cash,Contract
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with NON-MLS MEMBER OFFICE