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  • $499,000

    726 S Huron St, Cheboygan, MI 49721

    15beds
    10baths
    7,500sqft
    : 
    Multi Family
    Built in 1960
    -- sqft lot
    $497,200 Zestimate®
    $67/sqft
    $-- HOA

    What's special

    Semi-private backyard areaPrivate parking spaces
    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.
    5 days
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