LJM Properties
Petoskey, MI

$2,500,000 USD

Multifamily For Sale • 13,911 SF

3 Properties View all

Property Details

Property Type Multifamily

0 Transit Score

46 Walk Score

                
                    Highlights
                
                                Portfolio sale only – three infill multifamily assets within City of Petoskey (no individual sales)
                            
                                16 total units: 524 State (6), 624 Michigan (5), 138 E Sheridan (5)
                            
                                Walkable, high-demand neighborhoods near downtown, employment, and waterfront
                            
                                In-place income ~$23,750/month (~$285k/yr) across the portfolio
                            
                                T12 NOI (Aug ’24–Jul ’25) ~$185,806
                            
                                Significant capex completed: Over $500,000 pre-sale across the three assets + over $100,000 by LJM (2024–25)