8306 NE US 131, Mancelona MI 49659

$925,000

8306 NE US 131, Mancelona, MI 49659

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Prime Investment Opportunity! Now with city water and sewer! This exceptional property, conveniently located at the corner of US-131 and M-66, presents a lucrative business venture .New gas lines run to the single story building Jan 2025! Currently operating as 25 units, with potential to expand to 27 units, this versatile space offers an array of rental options. Discover three charming 1-bedroom apartments, a spacious 2-bedroom unit, a 3-bedroom modular home, and several cozy efficiency units - some even equipped with kitchenettes. The addition of four brand-new hot water heaters ensures optimal comfort for all tenants. With on-site coin-operated laundry facilities and impressive monthly gross earnings of $18k, this is an investment not to be missed! Owner is a licensed real estate agent

Location
Subdivision	T29N R6W
County	Antrim
Elementary School	-
Middle School	-
High School	-

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MLS number: 201833151

Listing agent: Daphne Cousineau

Listing broker: The Team Real Estate Group (989) 732-6500

Copyright © 2025 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, January 21 2025 at 3:23 p.m. EST

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