Elberta, MI 49628,403 Frankfort Avenue
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Elberta, MI 49628,403 Frankfort Avenue
Elberta, MI 49628,403 Frankfort Avenue
Elberta, MI 49628,403 Frankfort Avenue
Elberta, MI 49628,403 Frankfort Avenue
Listed by Alex MacKenzie • Coldwell Banker Schmidt-522
Bought with Erica S Marshall • REO-TCFront-233021

$452,000

Est. payment /mo

$450,000

0.4%
Est.Price: ?

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403 Frankfort Avenue Elberta, MI 49628

3,900 SqFt

SOLD DATE : 04/18/2022

Key Details

Sold Price $452,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,900 sqft

Price per Sqft $115

MLS Listing ID 1897151

Sold Date 04/18/22

Year Built 1898

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 60 x 70

Property Sub-Type Mixed Use

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 Residential,Multi-Family,Office,Retail,Commercial

Rooms

Basement Partial, Crawl Space

Interior

Heating Forced Air

Cooling Forced Air

Exterior

Exterior Feature Wood, Block

Roof Type Asphalt

Present Use Other

Road Frontage Public Maintained, Blacktop

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 06-501-039-00

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash

Listing Terms Commercial Loan, Cash

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agent

Tricia Boerma

Broker

+1(989) 560-5779

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