About 726 S Huron
Excellent investment opportunity â€" a fully occupied 6-unit apartment complex ideally located directly across from McLaren Hospital and just minutes from Downtown Cheboygan. The property totals approximately 7,500 SF on 2.5  ± acres and consists of three 3-bedroom / 1.5-bath units and three 2-bedroom / 1.5-bath units, all currently leased month-to-month. Each unit offers two private parking spaces, a semi-private backyard area, and a dedicated storage shed. Currently offered at an approximate 8.35% CAP rate, with value-add potential through future development of the property’s excess acreage. Don’t miss this opportunity to invest in one of Cheboygan’s best-located multifamily assets.
Features of 726 S Huron
| MLS® # | 78080063033 |
|---|---|
| Price | $499,000 |
| Bathrooms | 0.00 |
| Square Footage | 1,150 |
| Acres | 2.50 |
| Year Built | 1960 |
| Type | Multifamily |
| Sub-Type | Apartment |
| Style | Apartment |
| Status | Active Under Contract |
Community Information
| Address | 726 S Huron |
|---|---|
| Area | 16032 - Cheboygan |
| Subdivision | N/A |
| City | Cheboygan city |
| County | Cheboygan |
| State | Michigan |
| Zip Code | 49721 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Dryer, Oven, Refrigerator, Range, Washer |
|---|---|
| Heating | Baseboard, Electric |
| Fireplace | No |
Exterior
| Foundation | Slab |
|---|
School Information
| District | Cheboygan |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt Traver |
|---|---|
| Contact Info | alex.mackenzie@cbsrcommercial.com |