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    Ellsworth, MI East Jordan, MI Petoskey, MI Boyne City, MI Central Lake, MI Eastport, MI Kewadin, MI Northport, MI
    Three-Building Apartment Property
    Updated: Aug 14
    Three-Building Apartment Property

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot
    Three‑building apartment property on 2 acres
    6,317 square feet across the property
    7 finished, leased units
    Approved for up to 8 total units
    Commercial zoning
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    4987 Loeb Road, Charlevoix, MI 49720

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $52K
      Annual

    • Price @ 7% Cap

      $739K
      Suggested
    View Property Analytics
    Three-Building Apartment Compound
    Updated: Aug 12
    Three-Building Apartment Compound

    4987 Loeb Road, Charlevoix, MI 49720

    $1,495,000
    6,317 sqft 2.00 AC lot
    Three residential buildings situated on 2 acres
    7 finished units are currently leased
    Approved for up to 8 total units
    Located at 4987 Loeb Road, Charlevoix, MI 49720
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Charlevoix, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Multifamily Property
    10-Unit Multifamily Property

    314 E Pine Street, Cadillac, MI 49601

    $575,000
    0.14 AC lot

    Three-property rental package with nine leased units, off-street parking, and downtown access.

    View details
    10-Unit Multifamily Property Package
    10-Unit Multifamily Property Package

    314 E PINE STREET, Cadillac, MI 49601

    $575,000

    Three nearby rental properties provide a manageable multifamily portfolio close to downtown amenities and employment.

    View details
    8-Unit Multifamily Apartment Building
    8-Unit Multifamily Apartment Building

    1341 S Lakeshore Drive, Lake City, MI 49651

    $420,000
    4,880 sqft 2.11 AC lot

    Fully occupied 8-unit apartment complex with expansion space on a 2.11-acre lot.

    View details
    Turnkey Multifamily with Expansion Potential
    Turnkey Multifamily with Expansion Potential

    Lake City, MI 49651

    $420,000
    2,448 sqft 2.11 AC lot

    Fully rented 8-unit apartment complex with development potential.

    View details

    Off-Market Properties in Charlevoix, MI

    Consider similar Off-Market properties in Charlevoix, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6822 Us-31
    Multifamily properties

    6822 Us-31, Charlevoix, MI 49720

    Value Estimation by Request
    2,490 sqft 1.33 AC lot
    View details

    Charlevoix, MI Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Charlevoix, MI on our real estate platform. These investment opportunities span a total of 12,634 square feet of properties for sale, with an estimated market value of $2,990,000.

    Sale prices for two-family homes in Charlevoix, MI average $1,495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 9,113
    Population Growth (5Y) +4.2%
    Median Household Income $76,127
    College Educated 26.3%

    Taxes & Financing

    Tax Rate (average for all types) 3.34%
    Property Tax per SF $1.89 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Charlevoix County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Charlevoix County

    Residential Income

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    Most Searched ZIP Codes in Charlevoix, MI

    • 49720

    Featured Charlevoix Real Estate Agencies

    Realmo connects you with licensed Charlevoix CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Berkshire Hathaway HomeServices Real Estate
    203 Bridge St. Charlevoix, MI 49720
    Phone: 12315479905
    www.BHHSMichiganRealEstate.com

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