MI > Antrim > Mancelona > 8306 Us-131

For Sale Active

8306 Us-131 Map / directions

Mancelona, MI

49659 Market info

  • MLS# 201811215
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Real Estate One of Alpena and Gaylord

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Multi-Unit, Short Term Residential Rental Opportunity, located on the corner of US 131 and M-66. Property offers strong cash flow, low maintenance, and opportunity for on-site manager or additional rental income options. Efficiency Units with 6 month minimum rental agreements allow for transient contract workers, winter or summer tourist industry residents, and seasonal rentals for the place up north to secure for a few months. Many updates and maintenance items have been addressed, providing an easy transition into ownership of the next owner. Investment Property being offered at a 12.5% CAP Rate, with an attractive ROI and long term opportunity for growth this is the Multi-Unit investment you have been waiting for.

Property Information

Status
Active 
Address
8306 Us-131 
City
Mancelona 
Zip
49659 
Year Built
Subdivision
T29N R6W 
County
Antrim 
Parking
Common,Parking Lot 

Features

Total No. of Units
26 
Comm. Total Space
10500.00 
Zoning
Commercial 
Water
Municipal 
Sub Property Type
Hospitality 
Cooling
Electric 
Heating
Electric 

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years
annual
annual

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  • Market Statistics
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  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201811215 Active Mar 23 2021 9:31AM $695,000 28
School Information
Local Business

Learn More About This Listing

Real Estate One of Alpena and Gaylord

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MIWWLX Logo

Listing Courtesy of Smith Realty Group
Office Address 1349 S. Otsego Ave, Ste. 9

Real Estate One Family of Companies

8306 Us-131 Mancelona
Contact us
$695,000
For Sale • Acres: 0.0 • Zoning: Commercial