315 W Mitchell Street, Petoskey

$295,000

4 Beds
4 Baths
1,314 Sqft
0 Acres
0 Garages

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.

Essential Information
MLS® #470266
Price$295,000
Bedrooms4
Bathrooms4.00
Full Baths2
Half Baths2
Square Footage1,314
Acres0.00
Year Built1900
TypeResidential
Sub-TypeResidential
Community Information
Address315 W Mitchell Street
CityPetoskey
CountyEmmet
StateMI
Zip Code49770
Amenities
ParkingNone
# of Garages0.0
GaragesNone
Features

Cable, Ceiling Fans, Range, Refrigerator

Interior
HeatingForced Air
Has BasementYes
BasementMichigan, Partial
Exterior
Lot Description50 x 75
RoofAsphalt Shingle
ConstructionWood Frame/Site Built
School Information
DistrictPetoskey
Additional Information
ZoningCOP B-3
Listing Details
This (property or listing) is courtesy of Gaslight Group Properties
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