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Listed by Alex MacKenzie • Coldwell Banker Schmidt Traver
$ 499,000
Est. payment /mo
New
726 S Huron Street Cheboygan, MI 49721
9 Baths
7,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $66
Subdivision Mi
MLS Listing ID 1939804
Lot Size 2.500 Acres
Acres 2.5
Lot Dimensions irregular
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity — a fully occupied 6-unit apartment complex ideally located directly across from McLaren Hospital and just minutes from Downtown Cheboygan. The property totals approximately 7,500 SF on 2.5 ± acres and consists of three 3-bedroom / 1.5-bath units and three 2-bedroom / 1.5-bath units, all currently leased month-to-month. Each unit offers two private parking spaces, a semi-private backyard area, and a dedicated storage shed. Currently offered at an approximate 8.35% CAP rate, with value-add potential through future development of the property's excess acreage. Don't miss this opportunity to invest in one of Cheboygan's best-located multifamily assets.
Location
State MI
County Cheboygan
Rooms
Basement Slab
Interior
Interior Features Other
Heating Baseboard
Cooling Baseboard
Exterior
Exterior Feature Other
Roof Type Asphalt
Road Frontage Public Maintained
Building
Water Municipal
Structure Type Vinyl Siding,Brick
Schools
School District Cheboygan Area Schools
Others
Tax ID 055-G17-001-019-00
Ownership Private Owner
