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$210,000
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Subdivision Ga Mitchell'S Plat
MLS Listing ID 78080067938
Style Apartment, Farmhouse
Year Built 1885
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type MultiFamily
Property Description
Excellent opportunity to own a recently updated, fully occupied, income-producing triplex in Cadillac’s historic district, just blocks from downtown and Lake Cadillac. All three units are tenant-occupied with strong rental history and a current City of Cadillac rental certificate. The property includes two 1-bedroom units and one larger unit with 2 to 3 bedrooms. Potential for future increases. Tenants pay electric; landlord covers gas, water, sewer, trash, lawn, and snow. Off-street parking is available for six vehicles via alley access. Each unit has separate entry and privacy, with shared hallway access for Units 1 and 2. Appliances vary by unit; full list available upon request. Total gross monthly rent is $2,675 with room for increase in Unit 1. Unit 1 is a 1 bed/1 bath unit renting at $775/month (MSHDA, month-to-month). Unit 2 is a 1 bed/1 bath recently updated unit renting at $950/month with a lease through 4/30/26. Unit 3 is a large 2â€"3 bed/1 bath unit renting at $950/month with a lease through 6/30/26. Unit 3 has electrical in the possible 3rd bedroom space, but no heat. Buyer to verify feasibility for use. Rental is certified with the City of Cadillacâ€"certificate valid through 9/23/2028. Unit 1 exclusions: 2 freezers, refrigerator, washer, and dryer. Unit 2: all appliances included. Unit 3: washer and dryer excluded. All other appliances in working order. Showings require 24â€"48 hours’ notice and are limited to qualified buyers with proof of funds or pre-approval. Leases available upon request.
Location
State MI
County Wexford
Area Area83162Cadillac
Rooms
Basement Block
Interior
Interior Features WalkInClosets
Heating Forced Air, Hot Water, Natural Gas
Fireplace No
Exterior
View Y/N No
Building
Foundation Block, MichiganBasement, Stone
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Cadillac
Others
Acceptable Financing Cash, FHA
Listing Terms Cash, FHA
Special Listing Condition Standard
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©2026 Realcomp II Ltd. Shareholders
Listed by Stacy Zirkle of Five Star Real Estate - Mitchell St Cadillac
Nearby Locations
Latonia Knox
Broker Associate | License ID: Ga: 365526 Mi: 6506048686
+1(678) 674-7929 | lknox@axenrealty.com