$850,000
0.17 Acre Lot

624 Michigan Street, Petoskey, Michigan 49770

  • Multi Family Property Type
  • 1900 Year Built
Property Description

Victorian-style 5-unit in the heart of Petoskey with excellent walkability. Extensive recent work: new roof/fascia, two-coat exterior paint, remodeled breezeways, upgraded electrical/plumbing in select units, full unit renovations with updated kitchens/baths, and a new laundry room build-out. In-place rent ~$7,500/mo with proven demand. City utilities. Appealing curb presence with bay windows and tasteful landscaping. Solid in-place operations with value in continued unit optimization and amenity enhancements.

Basic Details
Multi Family
For Sale
26003263
$850,000
1900
0.17 Acre
Active
5+ Units
: Composition
Features
: Forced Air, Wall Furnace
: None
: Michigan Basement
: Laundry Closet, Lower Level, Common Area
: Public Sewer
: Natural Gas Available, Natural Gas Connected, Electricity Available, Electricity Connected
Address Map
MI
Emmet
Petoskey
49770
Michigan
624
Street
W85° 2' 58.8''
N45° 22' 21.4''
Neighborhood
Petoskey
Additional information
Van Treese Management LLC
Christopher Skrobeck
Additional Information
: Wood Siding
: Sidewalk
50x145
5
2026-01-28
Financial
10400.0
Listing Information
e431765
oe419798
FHA,Cash,Conventional
Active
2026-03-24T22:42:56Z
MICHRIC
2026-01-28T16:48:09Z
Agent info
6231 W River Dr NE STE K, Belmont, MI 49306
Contact Agent