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Mariam Beydoun

transactions@gotkeydrealty.com +1(313) 810-6071

$ 210,000

6,534 Sqft Lot

Save

$ 210,000

Save

6,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Subdivision Ga Mitchell'S Plat

MLS Listing ID 78080067938

Style Apartment,Farmhouse

Year Built 1885

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type MultiFamily

Property Description

Excellent opportunity to own a recently updated, fully occupied, income-producing triplex in CadillacÃ¢â‚¬â„¢s historic district, just blocks from downtown and Lake Cadillac. All three units are tenant-occupied with strong rental history and a current City of Cadillac rental certificate. The property includes two 1-bedroom units and one larger unit with 2 to 3 bedrooms. Potential for future increases. Tenants pay electric; landlord covers gas, water, sewer, trash, lawn, and snow. Off-street parking is available for six vehicles via alley access. Each unit has separate entry and privacy, with shared hallway access for Units 1 and 2. Appliances vary by unit; full list available upon request. Total gross monthly rent is $2,675 with room for increase in Unit 1. Unit 1 is a 1 bed/1 bath unit renting at $775/month (MSHDA, month-to-month). Unit 2 is a 1 bed/1 bath recently updated unit renting at $950/month with a lease through 4/30/26. Unit 3 is a large 2Ã¢â‚¬"3 bed/1 bath unit renting at $950/month with a lease through 6/30/26. Unit 3 has electrical in the possible 3rd bedroom space, but no heat. Buyer to verify feasibility for use. Rental is certified with the City of CadillacÃ¢â‚¬"certificate valid through 9/23/2028. Unit 1 exclusions: 2 freezers, refrigerator, washer, and dryer. Unit 2: all appliances included. Unit 3: washer and dryer excluded. All other appliances in working order. Showings require 24Ã¢â‚¬"48 hoursÃ¢â‚¬â„¢ notice and are limited to qualified buyers with proof of funds or pre-approval. Leases available upon request.

Location

State MI

County Wexford

Area Area83162Cadillac

Rooms

Basement Block

Interior

Interior Features WalkInClosets

Heating Forced Air, Hot Water, Natural Gas

Fireplace No

Exterior

View Y/N No

Building

Foundation Block, MichiganBasement, Stone

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Cadillac

Others

Acceptable Financing Cash, FHA

Listing Terms Cash, FHA

Special Listing Condition Standard

Listed by Stacy Zirkle of Five Star Real Estate - Mitchell St Cadillac

Nearby Locations

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+1(313) 810-6071

transactions@gotkeydrealty.com

22260 Garrison St, Dearborn, MI, 48124, USA

415 E Harris ST Cadillac, MI 49601