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Listed by Terri A. Vizina • COLDWELL BANKER SCHMIDT INDIAN RIVER
$899,900
Est. payment /mo
1.21 Acres Lot
Active Under Contract
2862 Arlene Indian River, MI 49749
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Key Details
Property Type Commercial
Sub Type Business Op
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision T35N, R2W
MLS Listing ID 201833215
Lot Size 1.210 Acres
Acres 1.21
Lot Dimensions 1.21
Property Sub-Type Business Op
Source Water Wonderland Board of REALTORS®
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
Community T35N, R2W
Area T35N, R2W
Zoning commercial
Direction Straits Hwy North of Indian River to Gratiot. Gratiot to Bellchase to Arlene.
Exterior
Parking Features Parking Lot
Garage No
Building
Sewer Septic
Others
Tax ID part of 162-018-300-010-13
Acceptable Financing Conventional Mort, Cash
Listing Terms Conventional Mort, Cash