959-969 Levering Road
Cheboygan, MI 49721

Sold

Sold for $225,000 on Jan 15, 2019

Description

Exceptional investment opportunity strategically located just outside the City limits (no city taxes or municipal utilities to pay). Whether you want to be an on site owner manager or rent all the units, this multi-unit complex offers a spacious updated main home (which could also be 2 rentals) with an attached garage, a 5 unit apartment building, a 3 bedroom home with a 1 car garage and 3 mobile home units. Potential monthly income of $5800. All units are rented with a continual waiting list. Includes 8 acres for future expansion, 2 water wells, 5 septic systems and 3 outbuildings.

Features

• Appliances: Dishwasher, Dryer, GasRange/Oven, Other, Refrigerator, Washer
• Business/Income: Income Property
• Construction: Frame, Mobile
• County/Area: Cheboygan County
• Electric: Master, Separate
• Elementary School: East
• Exterior: Barn, Shed
• Fuel: Electric, Natural Gas
• Garage: Yes, 2-Car
• Heating: Natural Gas
• Listing Status: Closed
• Lot Dimensions: 8.25 Acres
• Prop Type: Multi-Family
• Property Type: Multi Family Home
• School District: Cheboygan Area
• Sewer: See Remarks, Shared Septic
• Sold Date: 2019-01-15 00:00:00
• Sold Price: 225000.00
• Stories: 1 Story
• Street Addl Info: also includes 929 Court St.
• Style: Mobile, Other, Ranch, Two Story
• Sub Type: Multi Family Home
• Subdivision: T38n, R2w
• Subdivision/Neighborhood: T38n, R2w
• Unit 1: 3-Bed, 1.00-Bath, 940-sqft, $450.00/mo
• Unit 2: 2-Bed, 1.00-Bath, 720-sqft, $475.00/mo
• Unit 3: 2-Bed, 1.00-Bath, 720-sqft, $475.00/mo
• Unit 4: 1-Bed, 1.00-Bath, 412-sqft, $425.00/mo
• Unit 5: 2-Bed, 1.00-Bath, 810-sqft, $525.00/mo
• Unit 6: 2-Bed, 1.00-Bath, 576-sqft, $550.00/mo
• Unit 7: 2-Bed, 1.00-Bath, 660-sqft, $475.00/mo
• Unit 8: 1-Bed, 1.00-Bath, 336-sqft, $400.00/mo
• Units: 11
• Water: See Remarks, Shared Well
• Zip Code: 49721
• Zoning: Multifamily