Description
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, 7.5% 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 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!
Location
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Listing Agent: Sue Louiselle Courtesy of: Coldwell Banker Schmidt-TC The site owner may not display the entire SWMRIC Broker
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