MI > Emmet > Levering > 2870 N Us 31 Highway ARBOR APTS

For Sale Active

2870 N Us 31 Highway ARBOR APTS

Levering, MI

49755 Market info

  • 7 Units
  • 2,800 SqFt
  • MLS# 468344
  • Photos
Real Estate One - Petoskey and Charlevoix

Petoskey Office: 231-347-6200
Charlevoix Office: 231-547-5100
Customer Care: 248-304-6700

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

Contact Customer Care

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

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
Terms Available! Looking for an Income Property or Rental Business Opportunity? The Arbor Apartments on US 31 North in Levering is a 7 unit apartment building with on site coin-op laundry and is zoned B-1/FF-2. 100% Occupied with leased tenants, 8.5% Cap Rate. Emmet County B-1 Zoning offers opportunities from Motel, Cabins, Bed & Breakfast to Retail, Office or Adult Foster Care Home. There may be room for a buyer to explore expanding the number of units. This apartment complex has a solid rental history and excellent visibility on the Northern corridor of US 31~ Just a few minutes from Pellston Airport, Mackinaw City, trails and lakes. Excellent High Visibility location to build your ideas and dreams into reality. The Adjacent and surrounding parcel is also listed separately MLS 468345 with 7 acres & a home~ if combined, these parcels could take the income variables to an entirely new level!Talk about potential~Yeah, let's talk about it!

Property Information

Status
Active 
Address
2870 N Us 31 Highway ARBOR APTS 
City
Levering 
Zip
49755 
Year Built
1950 
Style
Apartments 
Possession
At Closing-Tena 
Waterfront Desc
Neither 
County
Emmet 
Above Grade SqFt
2,800 
Total No of Units

School Information

School District
Pellston 

Rooms and Land

Lot Dimensions
100x575 irr 
Total Acres
1.6 

Features

Style
Apartments 
Basement
None, Slab 
Features
AC Wall Unit, Paved Road, Refrigerator
Heating
Electric, LP Gas 

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  • Property History
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
468344 Sep 27 2023 12:16PM $395,000 $425,000 731
468344 Sep 20 2022 5:15PM $425,000 $450,000 731
468344 Active May 26 2022 4:47PM $450,000 731

Learn More About This Listing

Real Estate One - Petoskey and Charlevoix

Petoskey Office: 231-347-6200
Charlevoix Office: 231-547-5100
Customer Care: 248-304-6700

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

Contact Customer Care

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

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MINMMLS Logo

Listing Courtesy of Sue Louiselle, Broker
Office Address 7511 E. Lincoln Rd

2870 N Us 31 Highway ARBOR APTS Levering
Contact us
$395,000
For Sale • No. of Units: 7