MI
Cheboygan
Cheboygan City
49721
726 S Huron Street
726 S Huron Street, Cheboygan City, MI 49721
Share Listing
Listing Type
Multi Family
Listing Status
Active Under Contract
11
$499,000

Home Details for 726 S Huron Street

Price
$499,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
1150
Year built
1960
Lot size acres
2.5
County
Cheboygan
Garage
Days on site
125
MLS Listing#
78080063033
Property Description

Excellent investment opportunity â€" 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.

Property Features
  • Heating Information
    • Baseboard
    • Electric
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: Coldwell Banker Schmidt Traver - 231-922-2350
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Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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