MLS # 201837892
Income-producing property featuring three buildings - a stand-alone house, a duplex, and a newly renovated single-unit building. When fully occupied, the property brings in $3,200 per month in rental income with potential for higher returns based on market rates. Located within walking distance to downtown Alanson and convenient for commuters to Indian River, Petoskey, and Harbor Springs. Each unit has its own electric meter, and the property is on city sewer and septic. Ample parking with at least two spaces per unit, plus a dumpster on-site for tenant use and a laundromat only 0.25 mile away.
Source: SparkMLS
Final sale price: $270,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Katy Kay Lunstrum
The TEAM Real Estate Group
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7060 S US-31 Highway, Alanson, MI 49706
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Municipality
Alanson Village
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