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$ 599,900
Active Under Contract
6444 E M-115 Cadillac, MI 49601
2 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active Under Contract
Purchase Type For Rent
Subdivision Lakeview Apartments Of Cad
MLS Listing ID 78080052905
Style Ranch
Year Built 1971
Lot Size 2 Sqft
Property Sub-Type MultiFamily
Property Description
Waste no time to check out this wonderful investment opportunity! Located just off M-115 as you are heading into Cadillac West, sits this 2.88-acre parcel with 10 rentals, a 50x80 pole barn, and Lake Cadillac views. Currently known as Lakeview Apartments of Cadillac, this establishment has been around for years. The 10 units vary in size, there are 6-studio cabins, 1-1bedroom, 2-2bedroom and 1-3bedroom. There is a private well that services all the units, they each have sewer and natural gas. The 50x80 pole barn has 16’ sidewalls, 14’, and a 12’ overhead door. The pole barn and the 3-bedroom unit are currently occupied by one of the owners as they maintain the premises. A new owner could easily rent these out for an additional monthly income. There is also room to grow the establishment with an open area to the north that offers an open view of Lake Cadillac, buyer to verify their own information with zoning, township, city etc. Beaches, parks, camping, dining options, golfing, and so much more are all within walking distance of the property. This property must be shown by appointment only.
Location
State MI
County Wexford
Area Area83161Clamlaketwp
Rooms
Basement Block, ExteriorEntry, Partial
Interior
Heating Baseboard, ForcedAir, NaturalGas, WallFurnace
Cooling WallWindowUnits
Exterior
View Y/N No
Building
Lot Description WaterView
Foundation Basement, Block, Slab
Sewer PublicSewer
Water SharedWell
Schools
School District Cadillac
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition CorporateRelocation
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Listed by Michelle R Maidens of REO-Cadillac-233028
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