+12313778606
The Mitten Group
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.
Have you wondered what your home may be worth in today's market? Whether you're considering selling soon or just curious about your property's value, understanding your home's true worth is essential. The real estate market is constantly changing, and online estimates often fail to capture the unique features and local trends that impact your home's value.
Working with an experienced realtor ensures you receive an accurate, professional valuation based on market data, recent sales, and expert insight. A skilled agent will analyze your home's condition, location, and comparable properties to provide a realistic pricing strategy that maximizes your profit and attracts the right buyers. Before making any decisions, let a trusted real estate professional guide you through the process with a comprehensive home valuation. Reach out today to get started!
Listing Courtesy of Coldwell Banker Schmidt Traver. 231-922-2350
Selling Office: NON-MLS MEMBER OFFICE.
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