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823 Leelanau Avenue Frankfort, MI 49635Benzie County

  • beds
  • baths
  • 2,608 sqft
  • 6,534 sqft lot
  • $172 per sqft
  • on site

Location, Location! Great opportunity to own a 3-unit property in historic neighborhood in downtown Frankfort, just a few minutes’ walk to the beach, and just 1000 feet from the boat launch, marina, and bike path.   The main house built in the late 1800's by a Norwegian ship captain, has undergone an extensive restoration over the last 18 months.  Main floor apartment is all new after being stripped to the studs.  Upstairs apartment underwent a refresh after already being renovated by the previous owner.  A great addition to the property is the large 3-car detached garage with workshop and third brand new apartment above.   Enjoy relaxing evenings on the covered front porch , barbecuing on your private rear deck.   This Property has an Excellent Rental Income. First year (2017) the property generated $20,000 in income using only two of the three units, both rented less than half the year. One unit as a Vacation Rental the other a Long Term Rental. Turn this entire property into a Vacation Rental, and generate as much as $84,000.00 annually combining Short Term Summer Rentals with winter renters Or make this property your family compound with multiple guests quarters.   This is a must see. A perfect example of renovations done right. Schedule a Private Showing

Listing courtesy of NGLRMLS / Coldwell Banker Schmidt-522, 231-929-2300

MLS# 1848193 — Report a problem

This property is listed in more than one place. See it here.

Property details for 823 Leelanau Avenue

Last refreshed 7 minutes ago

The Building

Year Built:
1881
Year Remodeled:
2017
Property Type:
Triplex
Construction:
Frame
Style:
2 Story, Victorian
Foundation:
Full, Poured Concrete, Daylight Windows
Exterior Features:
Sidewalk, Fenced Yard, Landscaped, Multi-Level Decking, Porch, Covered Porch
Exterior Finish:
Vinyl Siding
Eco Features:
no
TV/Internet:
Cable TV, WiFi

Interior

Interior Features:
Hardwood Floors, Laundry Hook-up, Storage Space, Formal Dining Room, Great Room, Pantry, Foyer Entrance, Mud Room, Granite Kitchen Tops, Granite Bath Tops, Drywall
Appliances:
Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Water Softener (Owned), Water Filtration System, Exhaust Fan, Blinds, Ceiling Fan
Fireplace and Stoves:
None

Financial & Terms

Type of Ownership:
private owner
Terms:
Conventional Mortgage, Cash, FHA, Veterans/VA, 1031 Exchange

Location

County
Benzie

The Property

Acres:
0.15
Additional Buildings:
Workshop
Zoning:
Multi-Family
Deeded Waterfront:
no
Water Features:
None
Mineral Rights:
Unknown
Lot Dimensions:
50X150

Listing Agent

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Agent phone:
Office phone:
(231) 929-2300

Heating & Cooling

Heating/Cooling:
Natural Gas
Heating/Cooling:
Hot Water, Ductless A/C

Utilities

Water:
Municipal
Sewer:
Municipal

Schools

School District:
Frankfort-Elberta Area Schools

The Community

Development Amenities:
None

Parking

Primary Garage:
Garage for Each Unit, Detached

Extra Units

Total # of Units:
3
Unit A Baths:
2
Unit B Bedrooms:
1
Unit B Baths:
1
Unit C Square Feet:
816 Sqft
Unit C Baths:
1
Road:
Public Maintained, Blacktop

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What it's like to live at 823 Leelanau Avenue

Your commute

WalkScore®

Provided by WalkScore® Inc.

55

Somewhat Walkable

Internet Speed

Provided by BroadbandNow®

100 Mbps

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Charter Spectrum

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Sale history for 823 Leelanau Avenue

DateEventPrice% ChangeSource
Nov 2, 2018Accepting Backup Offers$449,945NGLRMLS
Oct 17, 2018Price Changed$449,945-6.2%NGLRMLS
Aug 2, 2018Price Changed$479,765-3.1%NGLRMLS

Schools near 823 Leelanau Avenue

8

Frankfort Elementary School

Public K-6

7

Frankfort High School

Public 7-12

8

Frankfort Elementary School

Public K-6

4

Crystal Lake Elementary School

Public K-5

6

Platte River Elementary School

Public K-6

6

Betsie Valley School

Public K-5

8

Frankfort Elementary School

Public K-6

7

Frankfort High School

Public 7-12

6

Benzie Central Middle School

Public 7-8

6

Platte River Elementary School

Public K-6

7

Frankfort High School

Public 7-12

N/A

Benzie Academy

Public 9-12

7

Benzie Central Sr. High School

Public 9-12

Private schools: None available
We were unable to find any private schools in the area.

* GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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The details on 823 Leelanau Avenue: This multifamily located in Frankfort, MI 49635 is currently pending sale for $449,945. 823 Leelanau Avenue is a 2,608 square foot multifamily with – beds and – baths that has been on Estately for 185 days. This multifamily is in the attendance area of Frankfort Elementary School and Frankfort High School.

Listing Courtesy of: NGLRMLS and Coldwell Banker Schmidt-522.

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2018 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Copyright © 2018 Estately, Inc. Data displayed here has not been verified by Estately.