8-Unit Townhouse
For Sale
$1,500,000
540 Saint Joseph Street, Lake Leelanau, MI 49653
Two buildings contain individually metered residences with private outdoor spaces and shared well service.
Property Size6,272 SF
Price / SF$239.16
Days on Market13
Property Features for 540 Saint Joseph Street
General Information
Standard status
Active
Size
6,272 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
8 x 2BR/1.5BA
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,941
Amenities
private deck
front porch
Building Details
Building Size
6,272 SF
Year Built
2002
Buildings
2
Listing Agency:
Bayside Real Estate
Listed By:
Sharon Reid-Brown · License #6501211659
(231) 632-6260
Source:
Cygnusrealestate
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 28 at 1:43PM
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 Bayside Real Estate
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Investment Insights
Based on property information with market context.
Built in 2002, this multifamily property comprises two buildings with four townhouse units apiece. Each residence has two bedrooms, 1.5 bathrooms, a private deck and a front porch. Units are separately metered for natural gas and electricity, with a furnace and water heater located in a 5-foot crawlspace beneath each home.
The buildings have separate septic systems and draw water from one on-site well. The units are fully rented, and turnover has been limited. A land division process is underway; point-of-sale well and septic evaluations have been ordered through the Health Department.
The buildings have separate septic systems and draw water from one on-site well. The units are fully rented, and turnover has been limited. A land division process is underway; point-of-sale well and septic evaluations have been ordered through the Health Department.
Key Highlights
- 8 townhouse units across 2 buildings
- Each unit has 2 bedrooms and 1.5 bathrooms
- Built in 2002
Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 49653, MI
2,020
Population
1,523
Households
1.3
Avg Household Size
54
Median Age
51%
College-Educated
99%
High-School Grad
27.8 sq mi
ZIP Area
73
Density / Sq Mi
$84,954
Median Household Income
$35,993
Median Earnings
$889
Median Rent
$532,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings contain individually metered residences with private outdoor spaces and shared well service.
Where is this multifamily property located?
The property is located at 540 Saint Joseph Street Lake Leelanau, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8 townhouse units across 2 buildings; Each unit has 2 bedrooms and 1.5 bathrooms; Built in 2002
