Courtesy: Van Treese Management LLC
231-373-7921
Well-located 5-unit close to downtown and services. Four units renovated (new electric, drywall, flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8,100/mo with a mix of renovated and durable finishes. City utilities. Large lot with on-site parking and green space. Attractive cash flow today with upside on future turns and light exterior enhancements.
Classic, well-maintained 6-unit multifamily in a walkable Petoskey neighborhood near downtown, schools, and employment. Mix of renovated units with durable finishes; exterior paint, porch rebuild, foundation work, breezeway update, and other recent upgrades. In-place rent ~$8,150/mo with stable tenancy. City utilities. Clean common areas, covered front porch, and landscaped grounds. Strong rental history with opportunity to continue interior refresh program and capture market rent on renewals/turns.
Victorian-style 5-unit in the heart of Petoskey with excellent walkability. Extensive recent work: new roof/fascia, two-coat exterior paint, remodeled breezeways, upgraded electrical/plumbing in select units, full unit renovations with updated kitchens/baths, and a new laundry room build-out. In-place rent ~$7,500/mo with proven demand. City utilities. Appealing curb presence with bay windows and tasteful landscaping. Solid in-place operations with value in continued unit optimization and amenity enhancements.
Petoskey is located in Michigan. Petoskey, Michigan has a population of 5,856. Petoskey is more family-centric than the surrounding county with 29.66% of the households containing married families with children. The county average for households married with children is 27.27%.
The median household income in Petoskey, Michigan is $60,054. The median household income for the surrounding county is $63,488 compared to the national median of $69,021. The median age of people living in Petoskey is 41.9 years.
The average high temperature in July is 77.8 degrees, with an average low temperature in January of 13.6 degrees. The average rainfall is approximately 32.9 inches per year, with 111.4 inches of snow per year.
