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$ 450,000
Est. payment /mo
Active
1341 S Lakeshore Drive Lake City, MI 49651
4,880 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,880 sqft
Price per Sqft $92
Municipality Reeder Twp
Subdivision Reeder Twp
MLS Listing ID 80055899
Year Built 1950
Lot Size 2.110 Acres
Acres 2.11
Property Sub-Type Business
Source MiRealSource
Property Description
Turnkey 8-Unit Multifamily with Expansion Opportunities – Lake City, MI Located on high-traffic M-66/S. Lakeshore Drive on the south end of Lake City, this fully rented 8-unit apartment complex offers a rare mix of stable income, development potential, and prime visibility in one of Northern Michigan’s most active four-season markets. Current Configuration: • 6 double-bed units w/ kitchenettes & full baths • 2 king-bed units w/ kitchenettes & full baths • Approx. 2,448 sq. ft. of total living space • Fully occupied with an average rent of $750/month Property Highlights: • 2.11-acre lot with room to build additional units • 80 x 34 pool house featuring separate men’s & women’s bathrooms – can be restored as an indoor poo
Location
State MI
County Missaukee
Zoning Commercial
Interior
Heating Hot Water
Cooling Window Unit(s)
Exterior
View Y/N No
Building
Sewer Public
Structure Type Wood Siding
Listed by City2Shore Real Estate Northern Michigan