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33942453
33942474

4987 LOEB RD, CHARLEVOIX, MI 49720

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty
$1,595,000
7 days on market
Updated 6 days ago

4987 LOEB RD CHARLEVOIX MI 49720

Details
APN 009-011-008-10
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,000
Net Rentable (SqFt) 14,000
Units 7
Cap Rate 5.8%
NOI $92,445
Occupancy 100%
Tenancy Multi
Lease Term 1
Rent Bumps Yes
Pro-Forma Cap Rate 6.49%
Pro-Forma NOI $103,550
Price per SqFt $114
Class A
Year Built 1917
Year Renovated 2025
Buildings 3
Stories 1
Acreage 0.61 - 1.1
Zoning multifamily
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.07
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Rare Historic Charlevoix Multifamily or Family Compound

Marketing description

Rare Charlevoix Opportunity!!! Amazing Historic Stone Schoolhouse plus a Carriage House and Duplex, renovated by artistic craftsman into 7 existing rental homes. There largest portion of the stone schoolhouse with sunrise views, renovation started for a 1 bedroom loft unit. The lower level of the school house - nearly 3,500 sq ft can be used for storage or other recreational (artist studio, workshop, gym) purposes. Whether you want to move up north and have rental income to support your dream lifestyle or own a piece of historic Charlevoix, do not miss this.

Built in 1917 by German stone masons for the Loeb Family (of Castle Farms fame). This cut stone workmanship is a must see.

Investment highlights

Rare Charlevoix Opportunity!!! Amazing Historic Stone Schoolhouse plus a Carriage House and Duplex, renovated by artistic craftsman into 7 existing rental homes. There largest portion of the stone schoolhouse with sunrise views, renovation started for a 1 bedroom loft unit. The lower level of the school house - nearly 3,500 sq ft can be used for storage or other recreational (artist studio, workshop, gym) purposes. Whether you want to move up north and have rental income to support your dream lifestyle or own a piece of historic Charlevoix, do not miss this.

Built in 1917 by German stone masons for the Loeb Family (of Castle Farms fame). This cut stone workmanship is a must see.

Listing Contacts

BW
MI 6502430911
DIRT Realty
Listed by DIRT Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$92,445.00
$7,703.75/mo

Valuation Metrics

0
DSCR
5.8%
Cap Rate
5.8%
ROI

Map

Zoning

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C-2 CommercialNeighborhood CommercialGeneral Commercial
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Bob Waun
License
6502430911
Brokerage
DIRT Realty
Title
Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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