8306 NE US 131 $895,000

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    8306 NE US 131 Mancelona, MI 49659

    • Commercial
    • MLS# 201827705
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    Views: 11 Days On Site: 115

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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

    Contact

    Chet Wheeler

    Chet Wheeler

    Manager

    RE/MAX of Grayling

    Office Phone: 989-348-7440

    Neighborhood

    49659 (Mancelona) Demographics

    44 Median Age
    42 Population Density (per sq. mile)
    22% College Educated
    $46,569 Estimated Median Income
    2,478 Estimated Total Home Owners
    369 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,988 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $230,000 Median Sales Price
    11 Homes Sold
    15 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: $895,000
        1/4/2024 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $895,000

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        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX information is provided exclusively for 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. Water Wonderland MLS, Inc © All rights reserved.

        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.