Gilmore Twp, MI 49628,403 Frankfort Avenue

$452,000

Est. payment /mo

$450,000

0.4%
Est.Price: ?

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403 Frankfort Avenue Gilmore Twp, MI 49628

3,900 SqFt

SOLD DATE : 04/18/2022

Key Details

Sold Price $452,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $115

Subdivision Village Of Elberta

MLS Listing ID 78001330229

Sold Date 04/18/22

Originating Board Aspire North REALTORS®

Year Built 1898

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 60 x 70

Property Description

Unique opportunity to own 5 long term rental units or 5 airbnb units between 2 separate buildings on the same lot in the beautiful Village of Elberta just blocks from the lake! 2,800 sq. ft. building (403 Frankfort Ave) that includes an approx. 1,300 sq. ft. 2bd/1ba apartment (#1), and three approx. 500 sq. ft. studio apartments (#2-#4). Apartment #1 has been used as a commercial storefront in the past. Also included is a 1,100 sq. ft. 3bd/1ba house (408 Lincoln Ave) which is currently used as a short-term rental on Airbnb. Windows, flooring, furnace, water heater, plumbing and electric recently updated. House and apartment units are all metered separately, and the apartment building even includes a 5th "landlord" meter for outdoor lights, laundry, etc. Seller willing to negotiate furniture in apartment #2 and house. Pro forma financials available with signed NDA.

Location

State MI

County Benzie

Zoning Commercial,Multi-Family,Office,Residential

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Building

Foundation Crawl, Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Wood

Others

Tax ID 0650103900

Ownership Private Owned

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Alex MacKenzie of Coldwell Banker Schmidt-522
Bought with REO-TCFront-233021

Craig Ward

Agent | License ID: 382487

+1(248) 217-1905

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