$870,000
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8528 Valley Road, Nw Rapid City, MI 49676
Business Opportunities
Residence
Beds
Baths
...
Bed/Bath
6,636
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Rare investment opportunity! This 16-unit apartment complex is nestled in a charming country setting, just 3.5 miles away from the renowned Torch Lake sandbar. Situated on a spacious 2.5-acre lot, this property is zoned commercial-improved, offering a myriad of possibilities for savvy investors. Wit...h all tenants on month-to-month leases and up-to-date on rent, the groundwork is laid for a smooth transition into ownership. More than 50% of the units have been remodeled, including cabinets, countertops, carpet, and fixtures. New roof installed approximately 2019. The property is serviced by a well and septic system, providing a cost-effective and reliable utility solution. Each apartment features separate electrical service meters and electric heating sources, ensuring convenience and efficiency for both tenants and landlord. A notable feature of this property is the recent installation of fiber optic connectivity at the road, enhancing its appeal in today's digital world. Additionally, amenities such as an office space and a laundry mat with hook-ups ready for your machines offer added value to this enticing offer. A significant advantage of this property is its history as a former motel, presenting a lucrative opportunity given the scarcity of similar accommodations near the Torch Lake sandbar. Don't miss out on the chance to own a piece of prime real estate this versatile property opens up endless potential for lucrative ventures.
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Source MLS
MiRealSource
Originating MLS
Aspire North REALTORS
MLS#
80017489
Property Type
Business Opportunities
Year Built
1970
Square Feet
6,636
sq. ft
Lot Size
2.5
Sewer
Septic
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