$500,000
SOLD MAY 15, 2025

6822 U S 31 Charlevoix, MI 49720

6 Beds
6 Baths
2,490 Sq Ft
1.33 Acres

Recently Sold

$201 Per Sq Ft

12% Below List Price

307 Days on Market

About This Home

As of May 2025

New year new business? Purchase this income producing 7 unit multi-family development on over an acre of commercially zoned property, well located near the Charlevoix Airport and convenient shopping options. The units are now connected to the city sewer. Most of the 1 bedroom 1 bath units have been remodeled over the last few years. The 1 acre parcel with 200' of US 31 frontage, offers a wide variety of different opportunities for income (see Charlevoix Township Zoning permitted uses). To enhance the existing rental business, add an onsite laundry, carports, or more units! Might even be able to be converted to vacation rentals. As an added bonus, there's one campsite with full hook-ups that has been consistently rented for many summers.

Last Agent to Sell the Property

Brett Binkley

EXP Realty License #6506045925 Listed on: 07/12/2024

EXP Realty

Last Buyer's Agent

See Agt Remarks Non Member ACK

Antrim Charlevoix Kalkaska Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,416

Year Built

  • Built in 1947

Lot Details

  • 1.33 Acre Lot
  • Lot Dimensions are 200 x 240

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2,490 Sq Ft Home
  • Crawl Space
  • Range

Utilities

  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-004-034-024-00

Community Details

Overview

  • 7 Units

Building Details

  • 1 Separate Electric Meter
  • Electric Expense $10,863
  • Fuel Expense $805
  • Insurance Expense $2,724
  • Water Sewer Expense $2,008
  • Gross Income $80,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,416

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multifamily
  • Type 2: Apartments
  • Estimated Year Built: 1947
  • Lvt Date: 07/12/2024
  • New Split: Y
  • Section: 34
  • Survey: Y
  • Second Address Number: 6822
  • Directions: From Charlevoix, Take Bridge St/ US-31 S 1 mile past M-66. Look for sign on the east side of road.
  • OFFICELIST_STATE: MI
  • Street Designation: Highway
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Features: Cable, Range, Refrigerator
  • Basement: Crawl, Slab
  • Total Sq Ft: 2490
  • Above Grade Finished Sq Ft: 2490

Exterior Features

  • Construction: Wood Frame
  • Roof: Metal
  • Waterfront Water Access: Neither

Utilities

  • Heat Type: Electric
  • Sewer: City
  • Annual Electric: 10863
  • Annual Fuel Expense: 805
  • Annual Total Expense: 21816
  • Annual Water Sewer Expense: 2008
  • Number Electric Meters: one

Schools

  • School District: Charlevoix

Lot Info

  • Estimated Lot Dimensions: 200 x 240
  • Estimated Number of Acres: 1.33
  • Zoning: Commercial

Tax Info

  • Annual Taxes: 5416
  • Assessor Parcel Number: 15-004-034-024-00

Multi Family

  • Number Of Units: 7
  • Annual Insurance Exp: 2724

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2025 05/15/25 Sold $500,000 -8.3% $201 / Sq Ft
04/02/2025 04/02/25 Off Market $545,000 -- --
01/02/2025 01/02/25 Price Changed $545,000 -4.2% $219 / Sq Ft
07/12/2024 07/12/24 For Sale $569,000 -- $229 / Sq Ft
Source: Northern Michigan MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,847 $126,200 $0 $0
2023 $3,677 $123,600 $0 $0
2022 $3,464 $112,900 $0 $0
2021 $3,062 $91,600 $0 $0
2020 $2,810 $92,200 $0 $0
2019 $2,820 $63,300 $0 $0
2018 $2,765 $61,900 $0 $0
2017 $2,650 $61,900 $0 $0
2016 $2,558 $61,800 $0 $0
2015 $61,400 $61,300 $0 $0
2014 $61,400 $61,400 $0 $0
2013 -- $61,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brett Binkley

    Seller's Agent in 2025

    Brett Binkley

    EXP Realty

    (231) 590-8230

    57 Total Sales

    Brett Binkley
    Section Image

  • S

    Buyer's Agent in 2025

    See Agt Remarks Non Member ACK

    Antrim Charlevoix Kalkaska Association of REALTORS

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 474331

Northern Michigan MLS

APN: 004-034-024-00

Michigan Charlevoix County Charlevoix 49720

6822 U S 31, Charlevoix, MI

Sold

MultiFamily

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