$380,000
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10456 S US-31 Elk Rapids, MI 49629
Multi-Family
Residence
Beds
Baths
700
Sq. Ft.
1.26
Acre
Lot
Property Activity
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Unlock the potential of this 4-plex multifamily investment home in beautiful Elk Rapids! Once a booming motel, this building has now been turned into a multi-unit apartment complex providing an excellent opportunity for both seasoned investors and first-time buyers looking to enter the multifamily m...arket. Currently fully occupied with long-term tenants, this property has a proven track record of generating reliable rental income. Ideal for investors looking for immediate cash flow. Conveniently located in walking distance to the Elk Rapids day park, biking distance to downtown Elk Rapids with various shops and restaurants, and a quick drive into Acme. Its prime location ensures high demand for rentals. This multifamily home is not just a property; it�s an investment in your future! Whether you're looking to expand your real estate portfolio or start your journey in multifamily investments, this opportunity is not to be missed.
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Source MLS
MiRealSource
Originating MLS
Aspire North REALTORS
MLS#
80051304
Property Type
Multi-Family
Year Built
1959
Square Feet
700
sq. ft
Lot Size
1.26
Stories
2.0
Sewer
Septic
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