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Jason Miller

jason@millerteamrealtors.com +1(248) 444-8774

$399,000

Est. payment - /mo

3 Beds

2 Baths

1,344 SqFt

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Open House

Sun Nov 16, 12:00pm - 1:30pm

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Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $296

Subdivision Rankins Add To East Elk Rapids

MLS Listing ID 78080063546

Style Ranch

Bedrooms 3

Full Baths 2

Year Built 1996

Property Sub-Type SingleFamilyResidence

Property Description

Outstanding investment opportunity in the Village of Elk Rapids. This well-maintained 1,670 sq. ft. multi-use commercial property offers high visibility in a strong traffic corridor with municipal water/sewer, paved parking, and energy-efficient systems, including natural gas forced air heat and central air. it is ideal for office, retail, or a live-work setup, all within walking distance to schools, the grocery store, golf course, and downtown waterfront attractions. The front unit is approximately 1,120 sq. ft. and features 3 bedrooms, 1 bath, and in-unit laundry. It can be used commercially or residentially, creating numerous income strategies for an owner-operator or investor. The back unit is a fully furnished 550 sq. ft. efficiency apartment with 1 bedroom, 3/4 bath, kitchen, and its own washer and dryer. This unit includes an existing short-term rental permit, making it immediately ready for STR income, or it may be used as a long-term rental. Both units can also be reconnected if a future buyer prefers a single-family home layout. Plenty of parking with 10 paved spaces, plus a partially fenced outdoor space in the backyard. The home is both stick-built and BOCA. Two of the bedrooms do not have closets. It has a beautifully landscaped yard with a sprinkler system and drip lines in the flower beds. Proximity to multiple recreation areas adds more appeal: Elk Lakes Rotary Park and boat launch are just one mile south, Damn Beach and East Bay are a mile west with over 1,100 ft. of sandy shoreline, and Bass Lake is one mile north for fishing and outdoor enjoyment. Live, work, rent, or operate - this versatile investment in a desirable Lake Michigan community checks all the boxes.

Location

State MI

County Antrim

Area Area88111Elkrapidstwp

Interior

Heating ForcedAir, NaturalGas

Cooling CeilingFans, CentralAir

Exterior

View Y/N No

Garage false

Building

Lot Description Sprinklers

Foundation CrawlSpace, Slab

Sewer SharedSeptic

Water Public

Schools

School District Elkrapids

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition Standard

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Listed by Erica S Marshall of REO-TCFront-233021

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Jason Miller

+1(248) 444-8774

Broker | Brerms:277398

Broker Brerms:277398

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132 Ames ST Elk Rapids, MI 49629

Jason Miller

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

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