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Three-Unit Riverfront Triplex
For Sale
$299,900

101 Milltown Court, Grayling, MI 49738

All three apartments are occupied under month-to-month agreements, with a mix of one- and two-bedroom layouts.

Property Size1,920 SF
Price / SF$156.20
Days on Market11

Property Features for 101 Milltown Court

General Information

Standard status Active
Size 1,920 SF
Property subtype MultiFamily
Occupancy 100%

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

Partial Basement
Yes
Basement
No
73.53 x 172 +/-
1920.0

Building Details

Building Size 1,920 SF
Listing Agency:
Listed By: Craig Hinkle
Source: Graylingrealestate
Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 2:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Craig Hinkle

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Investment Insights

Based on property information with market context.

This triplex contains three occupied apartments: two with two bedrooms each and one with a single bedroom. The units are on month-to-month agreements. The building totals 1,920 square feet and includes a partial basement.

The property is on the AuSable River in Grayling, Michigan. The parcel measures approximately 73.53 by 172 feet.

Key Highlights

  • Three occupied units with month‑to‑month agreements
  • Two apartments have 2 bedrooms; the third has 1 bedroom
  • 1,920‑square‑foot building with a partial basement

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

460
Businesses Nearby

Demographics for 49738, MI

9,498
Population
7,299
Households
1.3
Avg Household Size
50
Median Age
21%
College-Educated
92%
High-School Grad
332.6 sq mi
ZIP Area
29
Density / Sq Mi
$57,573
Median Household Income
$33,218
Median Earnings
$855
Median Rent
$153,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three apartments are occupied under month-to-month agreements, with a mix of one- and two-bedroom layouts.
Where is this triplex located?
The property is located at 101 Milltown Court Grayling, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three occupied units with month‑to‑month agreements; Two apartments have 2 bedrooms; the third has 1 bedroom; 1,920‑square‑foot building with a partial basement
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