Great income opportunity with immediate, positive cash flow and lots of redevelopment potential to dramatically increase revenue even further. Located in the popular vacation destination of Beulah, Eden Brook Place boasts 18 individual units on the upper level currently leased as long-term but can easily be converted to short-term as well. Another 9,000 square feet on the lower level is currently gutted and ready for your vision: additional condos, office space, retail, banquet facility, corporate meeting events, etc. Architectural plans for additional rental units are included in the sale. It's ideal location is steps away Crystal Lake and close to many amenities including hiking, parks, boating, golfing, skiing, and many more!
Beulah is located in Michigan. Beulah, Michigan has a population of 191. Beulah is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 23.44%.
The median household income in Beulah, Michigan is $65,179. The median household income for the surrounding county is $68,875 compared to the national median of $69,021. The median age of people living in Beulah is 61.3 years.
The average high temperature in July is 78.9 degrees, with an average low temperature in January of 17.6 degrees. The average rainfall is approximately 35.2 inches per year, with 117.6 inches of snow per year.
