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Listed by Terri A. Vizina • COLDWELL BANKER SCHMIDT INDIAN RIVER
$950,000
Est. payment /mo
Active
2862 Arlene Indian River, MI 49749
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Key Details
Property Type Commercial
Sub Type Business Op
Listing Status Active
Purchase Type For Sale
Subdivision T35N, R2W
MLS Listing ID 201833215
Property Sub-Type Business Op
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
Direction Straits Hwy North of Indian River to Gratiot. Gratiot to Bellchase to Arlene.
Rooms
Basement Crawl Space
Exterior
Present Use Rental
Road Frontage Paved
Building
Sewer Septic
Water Well
Structure Type Frame
Schools
School District Inlandlakes
Others
HOA Fee Include No
Acceptable Financing Owner
Listing Terms Owner