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823 Leelanau Avenue - Location, Location! Great opportunity to own this beautifully renovated property in historic neighborhood in downtown Frankfort, just a few minutes’ walk to the beach, and just 1000 feet from the boat launch, marina, and bike path.   The 1800 Square Foot main house built in the late 1800's by a Norwegian ship captain, has undergone an extensive restoration over the last 18 months.  Main floor is currently used by the owners as an apartment and is all new after being stripped to the studs.  Upstairs is currently an AIRBNB apartment that underwent a refresh after already being renovated by the previous owner. You could easily turn this up and down Victorian back into a single family home or continue to take in the revenue.  A great addition to the property is the large 3-car detached garage with workshop and brand new 800 SF ADU (Auxiliary Dwelling Unit) above.   Enjoy relaxing evenings on the covered front porch , barbecuing on your private rear deck.   This Property is zoned Multi Family and has an Excellent Rental Income. It is generating around $25,000 in income using only two of the three units, One unit as a Vacation Rental the other a Long Term Rental on a month to month lease so cancel the rentals or continue to enjoy the income. Turn this entire property into a Vacation Rental, Or make it your family compound with multiple guests quarters. You have lots of options with this very unique property. Truly one of a kind.  This is a must see. A perfect example of renovations done right.

Listing information

  • MLS® ID: 1851562
  • Year Built: 1881
  • Status: Pending - Request Back Up Offers
  • New Construction: No
  • Above Ground Sq. Feet: 2,600
  • Lot Size: 50X150
  • School District: Frankfort-Elberta Area Schools
  • Property ID: 104122596
  • Beds: 3
  • Stories: 0
  • Foreclosure: No
  • Below Ground Sq. Feet: 200
  • Estimated Annual Taxes: $5,300
  • Style: 2-Story
  • Baths: 3 (Full: 2 3/4: 1 1/2: 0 Other: 0)
  • Parking Type Description: Detached 3 cars
  • Total Square Footage: 2,800 ($160.69 per sq. foot)
  • Lot Area: 0.16 Acres
  • County: Benzie

Features

ADDITIONAL BUILDINGS None
APPLIANCES/EQUIPMENT Washer, Refrigerator, Microwave, Exhaust Fan, Electric water Heater, Dryer, Disposal, Dishwasher, Ceiling Fan, Blinds
ASSOCIATION FEE INCLUDES None
CONSTRUCTION Frame
Deeded Waterfront No
DEVELOPMENT AMENITIES None
DOCUMENTS ON FILE Sellers Disclosure, LBP Disclosure
Driveway Concrete, Alley Access
ECO Features No
ENERGY EFFICIENT Low-e Windows, Energy Star Appliances
Exterior Features Sprinkler System, Sidewalk, Multi-Level Decking, Landscaped, Gutters, Garden Area, Fenced Yard, Deck, Covered Porch, Balcony
EXTERIOR FINISH Vinyl
FIREPLACES AND STOVES None
FOUNDATION Full
HEATING/COOLING SOURCES Natural Gas
HEATING/COOLING TYPES Hot Water, Ductless A/C
INCLUDED IN LEASE Exterior Maintenance
Interior Features Workshop, Walk-In Closet(s), Pantry, Mud Room, Great Room, Granite Kitchen Tops, Granite Bath Tops, Foyer Entrance, Drywall, Breakfast Nook
LAND FEATURES Level
Master Bath Shared
Other Year Updated - 2011, Year Remodeled - 2017, TOTAL Baths - 3, Development Name - Town and Harbor Frankfort, Below Gr. UNFIN. SF Apx - 900, Addl Building Dimensions - Adu 800Sf, Above Gr. FINISHED SF Apx - 2600, % of Remodel - 92, # Baths: Upper - 1, # Baths: Main - 2, # Baths: Lower - 0
Possession Within 30 Days
PRIMARY GARAGE Paved Driveway, Heated, Door Opener, Detached, Concrete Floors, Alley Entrance
RENEWABLE Not Applicable
ROAD Public Maintained, Blacktop
Roof Asphalt
Sign (Y/N) Yes
TV SERVICE/INTERNET AVAIL WiFi, Cable TV
UNIVS DESIGN/BARRIER FREE Low Threshold Shower, Covered Entrance
Utilities / Sewer Municipal
Water Municipal
WATER CONSERVATION Not Applicable
Water Features None
ZONING/USE/RESTRICTIONS Multi-Family

Rooms

Kitchen 18x16
Living Room 14x20
Bedroom 1 Main Floor 12x12
Laundry Room Main Floor x
Listed by Kurt Hubschneider of Coldwell Banker Schmidt REALTORS 231-929-2300