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9270 S M-37 - Great income property on 10 acres! This 5-plex property consists of a 4-bedroom main house with a 1-bedroom basement apartment and two 1-bedroom side apartments, along with an additional 2-bedroom house and a 7-stall open-front garage. Highlights include a circle drive with landscaping at the front to buffer from the road, a basketball court, multi-level decking on the main house, and plenty of space to roam. Low vacancy rate with tenants in place for immediate cash flow. Would be great for owner-occupancy as well. Recent updates include new siding and roof in 2008, a new main house kitchen in 2010, a new drainfield and septic tanks in 2001, furnaces and A/C in both houses in the last 5+/- years.

Listing information

  • MLS® ID: 1809501
  • Year Built: 1978
  • Parking Type Description: Surface / Paved 0 cars
  • Total Square Footage: 3,714 ($80.75 per sq. foot)
  • County: Grand Traverse
  • Property ID: 103906997
  • Status: Active
  • New Construction: No
  • Lot Area: 9.97
  • School District: Buckley Community School District
  • Style: Complex
  • Stories: 0
  • Foreclosure: No
  • Lot Size: 262x623

Features

(A) Din Rm Yes
(A) Kit Yes
(A) Liv Rm Yes
(B) Din Rm No
(B) Kit Yes
(B) Liv Rm Yes
(C) Din Rm No
(C) Kit Yes
(C) Liv Rm Yes
(D) Din Rm No
(D) Kit Yes
(D) Liv Rm Yes
(E) Din Rm Yes
(E) Kit Yes
(E) Liv Rm Yes
ADDITIONAL BUILDINGS Other
APPLIANCES/EQUIPMENT Dryer, Oven/Range, Refrigerator, Washer
CONSTRUCTION Frame
Deeded Waterfront No
DEVELOPMENT AMENITIES None
DOCUMENTS ON FILE Agency Disclosure
ECO Features No
Exterior Features Countryside View, Multi-Level Decking
EXTERIOR FINISH Aluminum Siding, Vinyl Siding
FIREPLACE AND STOVES None
FOUNDATION Entrance Inside, Entrance Outside, Partial
HEATING/COOLING SOURCES Propane Gas
HEATING/COOLING TYPE Central Air, Forced Air
INCLUDED IN LEASE Electric, Heating/Cooling
Interior Features Drywall, Foyer Entrance
Mineral Rights Unknown
Other (A) # Similar Units - 1, (A) Apx SQFT - 1200, (A) Bath - 1.5, (A) Bdrm - 4, (B) # Similar Units - 1, (B) Apx SQFT - 600, (B) Bath - 1, (B) Bdrm - 1, (C) # Similar Units - 1, (C) Apx SQFT - 525, (C) Bath - 1, (C) Bdrm - 1, (D) # Similar Units - 1, (D) Bath - 1, (D) Bdrm - 1, (D) SQFT - 525, (E) # Similar Units - 1, (E) Apx SQFT - 864, (E) Bath - 1, (E) Bdrm - 2, Development Name - Metes and Bounds, Total # Units - 5, Year Remodeled - 2008, Year Updated - 2010
Possession Subject to Tenants Right
PRIMARY GARAGE Detached, Garage for Each Unit, Over 1 Space per Unit, Paved Driveway
Property Type Apartment Complex, Other
ROAD Blacktop, Public Maintained
Roof Asphalt
STYLE 2 Story, Apartment
TV SERVICE/INTERNET AVAIL Cable TV
UNIVS DESIGN/BARRIER FREE None
Utilities / Sewer Private Septic
Water Private Well
Water Features None
ZONING/USE/RESTRICTIONS Commercial, Multi-Family, Rental History
Listed by Mike Street Team of Coldwell Banker Schmidt REALTORS 231-929-2300