Listing Agency: Gateway Brokerage

Listed By: Drew Pursley · License #6501443807 Show Phone

Source: Jimdehaan

Added: May 16 Changed: Sep 8 Last Checked: Sep 10 at 9:55AM

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Investment Insights

Based on property information with market context.

Located in Benzie County, this income-producing three-unit multifamily property offers strong rental potential. Numerous recent updates have been completed, including a newer metal roof and an updated electrical fuse box with new labels and lines run to washers/dryers and individual apartments. Interior upgrades throughout the units feature updated kitchens and baths, new flooring, paint, lighting, insulation/drywall work, new blinds, and newer appliances. Fireplace/furnace updates have also been completed. A shared laundry area is equipped with two washers and two dryers. Situated near Frankfort and Crystal Lake, this property presents opportunities for long-term rental income, seasonal use, or owner-occupant flexibility.

Key Highlights

• Income‑producing 3‑unit multifamily property with strong rental potential.
• Recent updates include a newer metal roof and updated electrical system.
• Updated kitchens and baths, new flooring, paint, and lighting throughout units.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 49617, MI

3,285

Population

2,684

Households

1.2

Avg Household Size

54

Median Age

35%

College-Educated

95%

High-School Grad

45.4 sq mi

ZIP Area

72

Density / Sq Mi

$66,844

Median Household Income

$32,514

Median Earnings

$657

Median Rent

$268,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with updates near Frankfort and Crystal Lake.

Where is this triplex located?

The property is located at 6593 FRANKFORT Highway Beulah, MI.

What is the asking price?

The asking price for this property is $319,900.

What are key features of this property?

This property features: Income‑producing 3‑unit multifamily property with strong rental potential.; Recent updates include a newer metal roof and updated electrical system.; Updated kitchens and baths, new flooring, paint, and lighting throughout units.