About 1393 N Us 31
Welcome to 1393 N. US 31 in Petoskey, Michigan, a prime real estate opportunity that combines both residential and investment potential. This property boasts an expansive 6 acres of land, presenting a blank canvas for lucrative development. Zoned for multi-family units, this parcel is ready to go for those looking to capitalize on the growing demand for housing in the area. In addition to the development potential, this property offers a rental property with a current lease in place. Generating over $2000 a month in income, this presents a fantastic opportunity for immediate returns on your investment. The existing rental property adds further value to this already enticing proposition. Furthermore, the seller is open to entertaining offers to partner on this project, providing an opportunity for collaboration and shared success. With the potential for substantial returns and the flexibility to explore partnership possibilities, this property is a rare find in the Petoskey real estate market. Don't miss out on this exceptional investment and development opportunity at 1393 N. US 31 in Petoskey, Michigan. Contact me today to learn more and seize this chance to make your mark on the local real estate landscape.
Features of 1393 N Us 31
| MLS® # | 472802 |
|---|---|
| Price | $1,250,000 |
| Acres | 6.00 |
| Type | Lots/Land |
| Sub-Type | Lots/Land |
| Status | Active |
Community Information
| Address | 1393 N Us 31 |
|---|---|
| City | Petoskey |
| County | Emmet |
| State | MI |
| Zip Code | 49770 |
Amenities
| Features | Phone, Natural Gas |
|---|---|
| Is Waterfront | No |
School Information
| District | Petoskey |
|---|
Additional Information
| Zoning | EC R-2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Gaslight Group Properties |
|---|