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$ 285,000
Active Under Contract
1102 Chestnut ST Cadillac, MI 49601
1,263 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active Under Contract
Purchase Type For Rent
Square Footage 1,263 sqft
Subdivision Lake View Add City Of Cadillac
MLS Listing ID 78080065898
Style Apartment
Year Built 1920
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type MultiFamily
Property Description
Turnkey 4-unit investment property in Cadillac with strong in-place cash flow. Fully rented, bringing in $4,000/month + coin laundry income. Unit 1 is a spacious 3BR/1BA with basement & garage (1,263 sq ft). Units 2â€"4 include two 2BR units and one 1BR, ranging from 356â€"719 sq ft. All units have private entrances, separate kitchens, and full baths. Average monthly utility cost over the last 12 months is $558 (owner-paid). Vinyl siding, architectural shingles, and off-street parking. Corner lot location near Lake Cadillac, dining, and parks. City water/sewer, natural gas, great rental history. Don’t miss this opportunity to own a low-maintenance, income-producing asset in a high-demand area. One member of 1102 chestnut LLC is a licensed real estate agent in the State of Michigan.
Location
State MI
County Wexford
Area Area83162Cadillac
Rooms
Basement Daylight, Full, Partially Finished, Walk Out Access
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Cadillac
Others
Acceptable Financing Cash, FHA, Trade1031Exchange
Listing Terms Cash, FHA, Trade1031Exchange
Special Listing Condition Standard
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Listed by KJ Sayer of The Mitten Real Estate Group