315 W Mitchell Street, Petoskey, MI 49770

$295,000
4
BD
4
BA
1,314
SqFt
List Price
$295,000
Status
ACTIVE
MLS#
470266
Bedrooms
4
Full-baths
2
Half-baths
2
Sq. Ft
1,314
Year Built
1900

Property Description

Residential Duplex with two 2 bedroom and 1 bath units! The upper unit is currently occupied and the lower unit vacant and easy to see. This lot, with ingress and egress from the front and rear, provides frontage on US 31/US 131, which cuts through the heart of Petoskey between downtown and McLaren Northern Michigan Hospital. This property is zoned B-3, so vacation rentals may be allowed and don't take converting this to a non-residential application off the table as there are many options with this particular zoning designation. There is off street parking available and this is an easy walk to downtown or the waterfront. This stretch of West Mitchell Street is the gateway through Petoskey and ownership of parcels in this location offer a lot of options for long-term success as an investment. Adjacent parcel is currently another residential duplex, plus 3 commercial spaces, and is available separately for $385,000 (MLS #467373), or buy both and own 7 individual money-making opportunities in the middle of of Petoskey - a growing and dynamic community.

Additional Information

Waterfront
Neither
Water View
Yes
Construction
Wood Frame/Site Built
Roof
Asphalt Shingle
Features
Cable, Ceiling Fans, Range, Refrigerator
Garage Description
None
Garage Spaces
None
Master Bdrm Level
Main
Basement
Michigan, Partial
School District
Petoskey
Heating
Forced Air
Water
City
Sewer
City

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Michael "Mac" McCarthy from Gaslight Group Properties

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