115 N Michigan Avenue Beulah, MI 49617

Active

$1,300,000

Market Estimate

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0 Beds
0 Baths
18,000 sq. ft.
Multi-Family
MLS# 1919785

Listing provided courtesy of: Keller Williams Northern Michi: 830 E. Front St, Suite 110, Traverse City, MI

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Property Details

Description

INCREDIBLE INCOME OPPORTUNITY!! This property located on the main road in Beulah boasts 18 individual CONDO units on the upper lever that is an immediate positive cash flow stream. Income from the upper floor covers expenses for the entire building! Another 9000 sq ft on the lower level waits your vision for increasing your income stream! Can be made into many things, additional condos, office space, retail, banquet facility, Corporate meeting events, you name it! This property is steps away Crystal Lake, close to many Northern Michigan amenities, including hiking, parks, boating, golfing, skiing, and many many more! Don't pass on this opportunity to add this property to your portfolio!!

General Features
- Property Type Condominium
- Mineral Rights No
- Township Benzonia
- Type of Ownership Private Owner
- Approx Year Built 1935
- Type Multi-Family
Building Features
- Exterior Finish Wood
- Appliances Equipment Refrigerator, Oven/Range, Washer, Dryer
- Heating Cooling Sources Natural Gas, Electric, Multiple Units
- INTERIOR FEATURES Other
- Foundation Poured Concrete
- Fireplace And Stoves None
- Heating Cooling Type Forced Air, Wall
- Primary Garage None
- Roof Asphalt
- Style 2 Story
- Total FINISHED SF Apx 18,000
- Total # Units 18
Property Features
- Number of Acres 1.51
- Road Public Maintained
- Water Municipal
- Lot Dimensions Irregular
- Construction Timber Frame, Block
- Development Amenities None
- Sewer Municipal
Schools
- School District Benzie County Central Schools

Neighborhood

49617 (Beulah) Demographics

51 Median Age

65 Population Density (per sq. mile)

46% College Educated

$68,884 Estimated Median Income

1,209 Estimated Total Home Owners

71 Estimated Total Renters

94% / 6% Estimated Owner / Renter Divide

3 Estimated Average Household Size

3,360 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$523,250 Median Sales Price

20 Homes Sold

14 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $1,300,000
3/2/2024 10:07:00 AM	New in Database Source: Multiple Listing Service	New Value: $1,300,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the 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.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.