71
Map
9850 Elevere Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Listed by Michigan Whitetail Properties | $475,000 | |
| Listed by Michigan Whitetail Properties | |||
| Apr 5, 2026 | No longer available | - | |
| No longer available | |||
| Oct 4, 2025 | Listed by Michigan Whitetail Properties | $499,900 | |
| Listed by Michigan Whitetail Properties | |||
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Northern Michigan 80-acre secluded paradise! Located in Alpena County this 5 bed 2 bath home features a huge sunroom, wood burning fireplace, outside access to the upstairs master bedroom and deck, concrete patio, large mudroom entryway, newer flooring in the living room and Generac generator for backup power. Outside you find 3 ponds one that is spring fed with a nice swimming area and raft. Alongside the home is a large pavilion with concrete, perfect for family gatherings or just sitting out enjoying the surroundings. The circular asphalt driveway was seal coated this summer also leads back to the pole barn. The barn features one sliding door, one overhead door, a walk in door with concrete and power. Great for all your toy and equipment storage. As you make your way back into the woods you will find a nice trail system for access around the front 40 ac. that consist of mostly Fir, Cedar, Poplar and Maple trees with a creek cutting through the middle of the property. Whether you are looking for secluded year round living or a family & friend hunting camp this place will check all those boxes! Located about 3 miles from M-65 near Beaver Lake and approximately 20 miles from Alpena for all your amenities. Call today for your private tour of this Pure Northern Michigan property!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017