C
Seller's Agent in 2024
Chelsea Bryant
Real Broker, LLC.
(517) 200-3245
9 Total Sales
10456 Us-31 S Elk Rapids, MI 49629
3
Beds
4
Baths
2,171
Sq Ft
1.26
Acres
Highlights
- Countryside Views
- Forced Air Heating and Cooling System
- Shed
- Elk Rapids High School Rated A-
- Entrance Foyer
- Wood Siding
About This Home
As of November 2024Unlock 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 market. 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.
Last Agent to Sell the Property
Real Broker, LLC. License #6501446798 Listed on: 10/04/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1959
Lot Details
- 1.26 Acre Lot
- Lot Dimensions are 300x119x150x178x225
- The community has rules related to zoning restrictions
Property Views
- Countryside Views
- Seasonal Views
Home Design
- Slab Foundation
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2,171 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Basement Storage
- Fire and Smoke Detector
- Oven or Range
Laundry
- Dryer
- Washer
Outdoor Features
- Shed
Utilities
- Forced Air Heating and Cooling System
- Well
- Electric Water Heater
- Water Softener Leased
- Cable TV Available
Listing and Financial Details
- Rent includes trash removal, snow removal, pets allowed
Community Details
Overview
- 4 Units
- Elk Rapids Community
Amenities
- Common Area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2024 11/27/24 | Sold | $325,000 | -14.5% | $150 / Sq Ft |
| 10/04/2024 10/04/24 | For Sale | $380,000 | -- | $175 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Chelsea Bryant
-
Kathy Wittbrodt
Buyer's Agent in 2024
Kathy Wittbrodt
WITTBRODT WATERSIDE PROPERTIES
(231) 632-7181
110 Total Sales
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1927844
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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