Description

Petoskey - MLS# 479355
How do you find a house for under $200,000 in the City of Petoskey? This one is on a gorgeous lot overlooking the Bear River Valley and is currently set up as a duplex. Property needs some TLC, but there are examples of similar-sized rentals in this direct area at 2 times the current rents of $1300 total for both units. Downstairs is a 2-bedroom, 1-bath, and upstairs is a 1-bedroom, 1-bath. Tenants require 48 hours' notice for showings. Purchasing anything at this price in the city of Petoskey that is within walking distance to town, primary schools, and North Central Michigan College is an opportunity that does not happen anymore, so set yourself up for future success by living in one unit and earning revenue from the other, use it as workforce housing, or turn the house back into a single-family home on an deep lot with expansion possibilities.