8306 NE US 131 $875,000

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    8306 NE US 131 Mancelona, MI 49659

    • Commercial
    • MLS# 201827705
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    Views: 51 Days On Site: 353

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    Property Details

    Prime Investment Opportunity! This exceptional property, conveniently located at the corner of US-131 and M-66, presents a lucrative business venture. Currently operating as 25 units, with potential to expand to 27 units, this versatile space offers an array of rental options. Discover three charming 1-bedroom apartments, a spacious 2-bedroom unit, a 3-bedroom modular home, and several cozy efficiency units - some even equipped with kitchenettes. The addition of four brand-new hot water heaters ensures optimal comfort for all tenants. With on-site coin-operated laundry facilities and impressive monthly gross earnings of $18k, this is an investment not to be missed!Owner is a licensed real estate agent.

    • General Features
      • Type Business Op
      • Business Information Business Opportunity
      • Extras High Visibility, Highway Access, Kitchen Area, Laundry, Living Quarters, Manager On-Site, Smoke Detectors
      • Subdivision T29N R6W
      • County Antrim
    • Building Features
      • Construction Frame
      • Basement Slab
      • Heating/Air Conditioning Electric
    • Property Features
      • Lot Size 236x360x460x140
      • Road Paved
      • Driveway Blacktop
      • Electric On Site
      • Sewer Septic
      • Water Municipal
      • Gas On Site

    Neighborhood

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $875,000
    8/13/2024 4:20:45 PM Price Reduced Source: Multiple Listing Service New Value: $875,000 -2.23%
    1/4/2024 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $895,000

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    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.