2989 W Houghton Lake Dr - Apartments FOR SALE


Houghton Lake, MI 48629
$229,900 USD
989-205-2657
2989 W Houghton Lake Dr, Houghton Lake, MI for Sale
$229,900 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2989 W Houghton Lake Dr
Houghton Lake, MI 48629


OVERVIEW

Calling all investors! This 4 unit apartment complex, previously converted from a motel, is ready for its new owners! Featuring 6 bedrooms, 4 bathrooms, and 4 kitchenettes (one for each unit.) 47 feet of M-55 frontage allows for your own private entrance to the back of the property, and plenty of parking! Live in the guest quarters, and rent the other units to make your mortgage payment every month, or be an off-site landlord. The possibilities are endless! What would YOU do with this investment property?

FOR SALE DETAILS

PRICE

$229,900 USD

PRICE/SF

$125 USD /SF

# OF UNITS

4

PRICE/UNIT

$57,475

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unknown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

003-017-014-0031

ASK ABOUT THIS PROPERTY

Todd JansenCentury 21More Info
989-205-2657

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Todd JansenCentury 21More Info
989-205-2657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.