10456 S Us 31
ElkRapids, MI 49629
- ā beds
- ā baths
- 700 sqft
- ~1 acre lot
- $464 per sqft
- 1959 build
- – on site
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Unlock 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; itĆĀ¢Ć¢āĀ¬Ć¢āĀ¢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.
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Last updated Apr 22, 2025
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MLS# 78080051304 ā
The Building
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Year Built:1959
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Construction Materials:WoodSiding
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Architectural Style:Apartment
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Levels:Two
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Basement:false
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Foundation Details:Slab, Wood
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Above Grade Finished Area:700.0
Room Dimensions
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Living Area:700.0
The Property
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Parcel Number:050602901400
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:1.26
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Lot Size Dimensions:300x119x150x178x225
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Zoning Description:Multi-Family
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Other Structures:Sheds
Listing Agent
- Contact info:
- Agent phone:
- (517) 200-3245
- Office phone:
- (517) 200-3245
Taxes
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Tax Legal Description:PT OF GOV LOTS 1 AND 4 DESC AS COM AT THE S 1/4 COR OF SEC 29, TH W 33.5 FT, TH N 01 DEG E 1319 FT, TH N 14 DEG E 57 FT, TH N 0 DEG E 1253.5 FT TO THE CENTER POST OF SEC 29, TH E 185 FT ALG THE EW 1/4 LINE OF SED SEC 29 TO POB, TH CONT E 118.65 FT ALG SD
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:SepticTank
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Water Source:Well
Appliances
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Appliances:Dryer, Oven, Refrigerator, Range, Washer, WaterSoftenerRented
Schools
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High School District:ElkRapids
The Community
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Subdivision Name:ELK RAPIDS
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Waterfront:false
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Pets Allowed:Yes
IDX provided courtesy of Realcomp II Ltd., via Estately and Aspire North REALTORS, Ā© 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTORĀ® broker Darren Yearsley #6505374810.
IDX 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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. Ā©2025 Realcomp II Ltd. Shareholders.
Walk ScoreĀ®
Provided by WalkScoreĀ® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walkerās Paradise).
Bike ScoreĀ®
Provided by WalkScoreĀ® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Bikerās Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Sold | REALCOMP | $325,000 |
