About This Home

This 22-bedroom, 4-bathroom residential multi family at 9523 N Business 31 in Pentwater, MI is listed for $2,700,000. Built in 1970, on a 2.19 acres lot.

Key Features

  • Built in 1970
  • 2.19 acre lot
  • 30 parking spaces
  • Waterfront

Property Details

11 full, 3 half
30 spaces
1970

Amenities

WaterfrontA/C
Listing Description

PENTWATER TWP - 10+ UNITS - An exceptional investment opportunity awaits at 9523 N BR US 31, offering a fully occupied, cash-flowing multi-family portfolio in the high-demand Pentwater corridor featuring 10 long-term rental units plus an additional luxury Owner's Suite and property manager quarters.

This property was completely rebuilt from the studs up, featuring brand-new exterior siding and full interior rebuilds - including new drywall, fresh paint, custom cabinetry, butcher block countertops, sleek flooring, updated trim, new appliances, and new furnaces and AC units throughout.

A complete, itemized construction summary detailing the extensive work completed for each building is available in the associated listing documents for review. Designed for maximum profitability and seamless operation, the asset benefits from individual electric meters and dedicated AC units to keep overhead low, alongside a central coin-operated laundry facility generating supplemental income.

The estate spans three tailored residential structures plus a functional outbuilding. The main South Building anchors the property with seven clean, spacious units alongside the common mechanical room and coin-op laundry. The North Building houses three complete rental units, while the Rear Building serves as management and owner quarters.

The 1-bedroom, 1-bath owners quarters doubles as a short-term rental retreat complete with a private patio, firepit, and 7-person Sundance hot. Completing this plug-and-play asset is a separate 20x20 heated pump house with a garage door housing the full H2O system. This is a premier opportunity for investors and rental connoisseurs looking to capture West Michigan rental demand. Buyer and buyer's agent to verify all information.

Monthly Cost Estimate

$14,440/mo

20% down · 6.5% · 30 years

Principal$1,953
Interest$11,700
Insurance$788

Estimates only. Actual payments may vary.

Location

9523 N Business 31

Pentwater, MI 49449

Property Details

Construction

Vinyl Siding

Parking

DrivewayPaved or Surfaced

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 22-bedroom, 4-bathroom residential multi family at 9523 N Business 31 is listed at $2,700,000. The estimated monthly payment is $14,441 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 2.19 acre lot, 30 parking spaces, Waterfront.

This property is listed by Debby Stevenson.

DS

Debby Stevenson

Agent at GREENRIDGE Realty-Ludington

Listed by GREENRIDGE Realty-Ludington · Broker phone: 231-843-6868 · View on Broker Site

MLS# 26045545· Source: Michigan Regional Information Center, LLC.· 64 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

9523 N Business 31, Pentwater, MI 49449

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