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    7060 S Us-31 Hwy Alanson, MI 49706

    Under Contract
    For Sale
    $275,000

    MULTI_FAMILY - Ranch - Alanson, MI

    Type:Single Family Residence
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 7060 S Us-31 Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active Under Contract
    Rooms
    Bedroom 6, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 2
    Bedrooms
    6
    APN
    41-17-10-100-004
    Basement
    Crawl Space
    Appliances
    Refrigerator, Microwave, Electric Range

    Utilities

    Heating system
    Forced Air, Natural Gas, Electric (Heating)
    Water source
    Well

    Building Details

    Number of units
    4
    Building materials
    Wood
    Architectural style
    Ranch

    The TEAM Real Estate Group (989) 732-6500

    Listing agent Katy Kay Lunstrum (949) 573-3791

    Listing date Nov 25, 2025

    MLS# 201837892 Listing URL

    Copyright © 2025 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Property Near Downtown Alanson

    This income-producing property includes a stand-alone house, a duplex, and a newly renovated single-unit building. The property is located within walking distance of downtown Alanson, providing convenient access for commuters to Indian River, Petoskey, and Harbor Springs. When fully occupied, the property generates $3,200 per month in rental income, with potential for increased returns based on current market rates. Each unit is equipped with its own electric meter. The property utilizes city sewer and septic systems. Ample parking is available, with at least two spaces allocated per unit. A dumpster is located on-site for tenant use, and a laundromat is conveniently situated just 0.25 miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Alanson
    County
    Emmet
    State
    Michigan
    Longitude
    -84.78559
    Latitude
    45.448938

    Nearby Similar for Sale

    • $630,000
      2,065 SF

      Established Winery and Brewery Destination

      Northern Michigan winery and brewery on 2.5+ acres near Burt Lake.
      9090 M-68, Alanson, MI 49706
      View Details

    FAQs

    What type of property is this?
    Quadplex - Three buildings generating rental income, close to downtown Alanson.
    Where is this quadplex located?
    The property is located at 7060 S Us-31 Hwy Alanson, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Income-producing property generating $3,200/month with potential for increased returns.; - Three buildings: stand-alone house, duplex, and renovated single-unit building.; - Convenient location within walking distance to downtown Alanson and easy commute to Indian River, Petoskey, and Harbor Springs.
    (949) 573-3791
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7060 S Us-31 Hwy Alanson, MI 49706
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