138 E Sheridan Street, Petoskey, MI 49770

Petoskey
Local realty services provided by:Better Homes and Gardens Real Estate Connections
138 E Sheridan Street,Petoskey, MI 49770
$875,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: christopher skrobeck
Office: van treese management llc.
MLS#:26003305
Source:MI_MICHRIC

Price summary

  • Price:$875,000

About this home

Well-located 5-unit close to downtown and services. Four units renovated (new electric, drywall, flooring); two new water-heater pumps; parking lot sealed/striped; roof ~5 years old. In-place rent ~$8,100/mo with a mix of renovated and durable finishes. City utilities. Large lot with on-site parking and green space. Attractive cash flow today with upside on future turns and light exterior enhancements.

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Home facts

  • Year built:1900
  • Listing ID #:26003305
  • Added:73 day(s) ago
  • Updated:April 11, 2026 at 03:04 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Michigan Basement

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:3.43 Acres
  • Construction Materials:Vinyl Siding

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$875,000
  • Tax amount:$12,200 (2024)

Parking

  • Total parking spaces:8

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