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.
General Information
Price: $950,000
Price/SqFt:
Status:
MLS#: 201833215
City: indian river
Post Office:
Schools: inlandlakes
County: Cheboygan
Acres: 0
Lot Dim: 1.21
Year Built: 0
Property Type: Business Op
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Listing Courtesy of: Terri A. Vizina of COLDWELL BANKER SCHMIDT INDIAN RIVER
