431 Madison St, Petoskey, MI 49770
- $399,900
- 5
- BD
- 2
- BA
- 2,461
- SqFt
- List Price
- $399,900
- Status
- ACTIVE
- MLS#
- 478568
- Bedrooms
- 5
- Full-baths
- 2
- Sq. Ft
- 2,461
- Year Built
- 1950
Property Description
Located in the heart of Petoskey, this versatile in-town home offers an exceptional location directly across the street from McLaren Northern Michigan Hospital and just a short distance from downtown Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue its income-producing use, or easily convert it back to a single-family residence with the added bonus of separate living quarters above the garage. The home has seen many recent improvements, including a new roof on the main house approximately five years ago, brand-new windows throughout the main house, and a newly rebuilt front porch that adds to its curb appeal. Above the garage, a newly renovated one-bedroom, one-bath apartment offers excellent flexibility, whether used as a rental for additional income or as comfortable guest accommodations. With its prime location, recent updates, and flexible layout, this property presents a rare opportunity to own a home that can adapt to a variety of living or investment needs in one of Petoskey’s most convenient neighborhoods.
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Additional Information
- Waterfront
- Neither
- Construction
- Wood Frame/Site Built
- Roof
- Asphalt Shingle
- Features
- Cable, Deck, Dryer, Range, Refrigerator
- Garage Description
- Garage-Detached
- Garage Spaces
- Two
- Master Bdrm Level
- Upper
- Basement
- Michigan
- School District
- Petoskey
- Heating
- Natural Gas, Forced Air
- Water
- City
- Sewer
- City
Mortgage Calculator
Listing courtesy of Clinton Shuman from Real Estate One. ctshuman@reopetoskey.com
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