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Listed by Terri A. Vizina • COLDWELL BANKER SCHMIDT INDIAN RIVER
$950,000
Est. payment /mo
14 BD
8 BA
Active
2862 Arlene Indian River, MI 49749
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UPDATED:
02/03/2025 02:35 PM
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Subdivision T35Nr2W
MLS Listing ID 201833217
Style Ranch
Bedrooms 14
HOA Y/N No
Property Sub-Type Apartments
Property Description
Fantastic investment opportunity with 10 apartment units! There are four 1-bedroom apartments and six 2-bedroom apartments, all with one full bathroom. The combination of location and amenities--being close to the Indian River, the North Central Trail system, and downtown Indian River--makes it very appealing. The apartment complex offers views of the Indian River Canal, which is a great selling point. Features of the apartments include a backdoor leading to a spacious backyard and an open floor plan. With passive income potential, it seems like a solid property for someone looking to invest in a growing area with a mix of outdoor activities and small-town charm. Located 1/2 mile north of Indian River, just east of Straits Highway, making travel easy for owner and tenant.
Location
State MI
County Cheboygan
Zoning commercial
Rooms
Basement Crawl Space
Interior
Hot Water Gas
Heating Baseboard, Natural Gas
Appliance Electric Range, Refrigerator
Exterior
Garage No
Building
Water Well
Structure Type Vinyl
Schools
Elementary Schools Inland Lakes
High Schools Inland Lakes
School District Inlandlakes
Others
Energy Description Natural Gas
Acceptable Financing Cash, See Remarks
Listing Terms Cash, See Remarks