734 E Cayuga; Bellaire, Michigan

Click here for MLS details. Multi-unit apartment building in prime location on the fringe of the Bellaire Village Commons district. Building includes 3 completed and upgraded apartments with tenants in place or in transit. Two new apartments are framed in and ready to be completed. Incredible income potential detailed below.

Recently the infrastructure has been upgraded for five apartments. All permits and zoning are complete. Sewer and electrical has been upgraded for the entire building. Newer roof and new cement walkway around building. This building is on a 1.3-acre lot with trees and 12 parking spaces,

This property is in the Village Commons zoned area, in a town with a high demand for rentals. doors. It is next door to a popular quilt shop and across the street from the county fairgrounds and a towing company. This property is located in the heart of northern Michigan, near Shanty Creek Ski and Golf Resort. It is also close to lakes, rivers, snowmobiling trails, hunting and everything northern Michigan.

Apartment #1 $1000 per month for a main level, 700 square foot one bedroom with attached garage, washer and drier. Owner pays utilities. Apartment #2 $800 per month for an upper level 600 square foot studio apartment; owner pays utilities. Apartment #3 $800 per month for an upper level 600 square foot one-bedroom apartment. Tenant pay utilities. Apartment #4 Potential $1200 per month upper unit is roughed in to be an 800 square foot two-bedroom apartment. Set up for separate utilities for tenant to pay their own. Apartment #5 Potential $1200 per month lower unit is roughed in to be an 800 square foot two-bedroom apartment. Set up for separate utilities for tenant to pay their own.

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