4-Unit Quadplex with Updated
New
For Sale
$850,000
10456 S Us-31 S, Elk Rapids, MI 49629
Four existing residences have updated exterior components and mechanical systems, with interior finishes left for the next owner.
Property Size700 SF
Price / SF$1,214
Days on Market2
Property Features for 10456 S Us-31 S
General Information
Standard status
Active
Size
700 SF
Property subtype
Multi-Family
Building Details
Year Built
1959
Listing Agency:
Dan Ryan Broker
(231) 495-9046
Listed By:
Mark Schmansky
(248) 701-0207
Source:
Patientmoves
Added: Oct 4
Last Checked: Oct 5 at 7:01PM
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 Dan Ryan Broker
Investment Insights
Based on property information with market context.
Built in 1959, this quadplex contains four units. Improvements include new siding, a roof, windows, mini-splits and electrical work. The interiors remain unfinished, allowing the next owner to complete them. The grounds have been landscaped and include a fire pit.
The property is just outside the Village of Elk Rapids, with beaches and downtown amenities within walking distance. Short-term rentals are allowed. The parcel also has potential for four additional units.
The property is just outside the Village of Elk Rapids, with beaches and downtown amenities within walking distance. Short-term rentals are allowed. The parcel also has potential for four additional units.
Key Highlights
- Four existing units, with potential for four more
- Exterior updates include siding, roof and windows
- Mini‑splits and electrical work completed
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 49629, MI
1,997
Population
1,696
Households
1.2
Avg Household Size
60
Median Age
46%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
526
Density / Sq Mi
$74,318
Median Household Income
$46,250
Median Earnings
$1,032
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four existing residences have updated exterior components and mechanical systems, with interior finishes left for the next owner.
Where is this quadplex located?
The property is located at 10456 S Us-31 S Elk Rapids, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four existing units, with potential for four more; Exterior updates include siding, roof and windows; Mini‑splits and electrical work completed
