823 Leelanau Avenue, Frankfort, MI
Location, Location! Great opportunity to own this beautifully renovated property in historic neighborhood in downtown Frankfort, just a few minutes walk to the beach, and just 1000 feet from the boat launch, marina, and bike path. The 1800 Square Foot main house built in the late 1800's by a Norwegian ship captain, has undergone an extensive restoration over the last 18 months. Main floor is currently used by the owners as an apartment and is all new after being stripped to the studs. Upstairs is currently an AIRBNB apartment that underwent a refresh after already being renovated by the previous owner. You could easily turn this up and down Victorian back into a single family home or continue to take in the revenue. A great addition to the property is the large 3-car detached garage with workshop and brand new 800 SF ADU (Auxiliary Dwelling Unit) above. Enjoy relaxing evenings on the covered front porch , barbecuing on your private rear deck. This Property is zoned Multi Family and has an Excellent Rental Income. It is generating around $25,000 in income using only two of the three units, One unit as a Vacation Rental the other a Long Term Rental on a month to month lease so cancel the rentals or continue to enjoy the income. Turn this entire property into a Vacation Rental, Or make it your family compound with multiple guests quarters. You have lots of options with this very unique property. Truly one of a kind. This is a must see. A perfect example of renovations done right.
