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Kyle O'Grady

kyle@ogradyteam.com +1(231) 499-9999

Listed by Five Star Real Estate - Mitchell St Cadillac

$199,900

Est. payment - /mo

2,314 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,314 sqft

Price per Sqft $86

MLS Listing ID 1944822

Style Apartment,Farm House

Year Built 1885

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

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 2–3 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 Cadillac—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 24–48 hours' notice and are limited to qualified buyers with proof of funds or pre-approval. Leases available upon request.

Location

State MI

Rooms

Basement Michigan Basement

Interior

Interior Features Walk-In Closet(s), Storage, Entrance Foyer, High Speed Internet

Heating Forced Air, Hot Water, Natural Gas

Fireplaces Type Other

Fireplace true

Appliance Refrigerator, Oven/Range

Exterior

Exterior Feature Sidewalk

Community Features None

Waterfront Description Public

Roof Type Asphalt

Garage false

Building

Story Two

Foundation Block, Stone

Sewer Public Sewer

Water Public

Architectural Style Apartment, Farm House

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Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

415 E Harris Street Cadillac, MI 49601

Kyle O'Grady

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby Locations

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