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.
Accepting backups
$499,000
726 S Huron St, Cheboygan, MI 49721
15beds
10baths
7,500sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$497,200 Zestimate®
$67/sqft
$-- HOA
What's special
Semi-private backyard areaPrivate parking spaces
- 5 days |
- 640 |
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