337 State St Boyne City, MI 49712-1204
This exceptional Boyne City, MI property presents a lucrative investment opportunity. The 2,600 square foot building, constructed in 1977 and extensively renovated in 2022, features two separate short-term rental (STR) suites, each with its own entrance. The south unit boasts four bedrooms and 1.5 bathrooms, while the north unit offers two bedrooms and two full bathrooms. Both units are currently permitted for short-term rentals, making this an ideal turnkey operation. Situated on a 0.33-acre lot, the single-story building provides ample space and privacy. The property includes private parking, a significant advantage for guests. Its central Boyne City location offers easy access to local amenities and attractions. This multifamily property, combining residential and commercial uses, represents a unique blend of income potential and convenience. The property's recent renovations ensure modern comfort and appeal, minimizing maintenance needs and maximizing rental income. Financial records are available upon request. The property's parcel number is 051-245-045-00. Virtual tours are available for both units.
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State Street flats Bed & Breakfast Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.