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9272 M-37 Buckley, MI 49620

4 Beds

1.5 Baths

1,416 SqFt

UPDATED:

09/27/2024 10:41 AM

Key Details

Property Type Single Family Home

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 1,416 sqft

Price per Sqft $575

MLS Listing ID 78080049971

Style Colonial

Bedrooms 4

Full Baths 1

Half Baths 1

HOA Y/N no

Originating Board Aspire North REALTORS�

Year Built 1978

Lot Size 9.980 Acres

Acres 9.98

Lot Dimensions 263x1347x328x1347

Property Description

Welcome to a unique Northern Michigan property along M-37 that blends residential comfort, immediate income, and vast development potential. Whether you seek a private estate, homestead, or multi-family investment, this estate delivers. The property features a spacious single-family home with four additional rental units, generating immediate income. The main house offers 4 bedrooms and 1.5 baths, with a basement apartment rented for $700 monthly. Two connected units rent for $750 and $800, while a separate unit brings in $1,100 per month. The back portion of the property, accessible via a separate drive, is ready for further development. Imagine adding two 4-plex apartments or condominiums, expanding your income stream. Alternatively, transform it into a wedding venue, with existing units serving as guest accommodations. This estate also includes a "you-pick" farm with blueberry, raspberry, and blackberry bushes, adding charm and sustainable living options. Located just a short drive from Flintfields Horse Park in Williamsburg, home to the Traverse City Horse Shows, this property is ideal for equestrian enthusiasts. Its proximity to these prestigious events makes it appealing for those in the equestrian community. Surrounded by state-owned land and near Fish Lake, the property ensures privacy and protection from future development. Whether envisioning a family compound, boutique farm, or base for horse show participants, the possibilities are endless. Additionally, theres potential to convert existing units into individual condos for a profitable investment. Dont miss this opportunity to own a versatile property that combines flexibility, income potential, and an unbeatable Northern Michigan location. See 360 Virtual Tour to see all the units. Pictures on this listing are of the owner's unit only -- also listed as a multi-family unit in the MLS where you can find some pictures of the other units.

Location

State MI

County Grand Traverse

Area Mayfield Twp

Rooms

Basement Daylight, Finished, Interior Entry (Interior Access)

Kitchen Dishwasher, Dryer, Microwave, Oven, Range/Stove, Refrigerator, Washer

Interior

Interior Features Egress Window(s), Security Alarm

Hot Water LP Gas/Propane

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source LP Gas/Propane

Exterior

Exterior Feature Fenced

Garage Carport

Garage Description 6 or More

Pool No

Waterfront no

Porch Deck, Patio, Porch

Garage no

Building

Lot Description Farm, Wooded, Sprinkler(s), Hilly-Ravine

Foundation Basement

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Colonial

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District Buckley

Others

Tax ID 0901900510

Ownership Private Owned

Acceptable Financing Cash, Conventional, FHA, Other, USDA Loan (Rural Dev), VA, Trade/Exchange

Listing Terms Cash, Conventional, FHA, Other, USDA Loan (Rural Dev), VA, Trade/Exchange

Financing Cash,Conventional,FHA,Other,USDA Loan (Rural Dev),VA,Trade/Exchange

Listed by Net Real Estate

Nearby Cities

Tru Living Group

Tru Living Group

9272 M-37 Buckley, MI 49620

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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9272 M-37