Kearney Twp, MI 49615,734 E Cayuga

$490,000

$559,000

12.3%
Est.Price: ?

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Est. payment /mo

700 SqFt


SOLD DATE : 10/12/2023

Key Details

Sold Price $490,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $700

Subdivision None

MLS Listing ID 78080008916

Sold Date 10/12/23

Originating Board Aspire North REALTORS®

Year Built 1990

Lot Size 1.400 Acres

Acres 1.4

Lot Dimensions 204 x 292

Property Description

If you are looking for a recently remodeled & upscale investment property â€" welcome to The Gray House. 4 individual apartments, all recently redone & updated, making each unit its own charming, cozy nest. Sitting on 1.4 acres of prime Bellaire real estate, there is room for additional buildings or a myriad of other uses. Unit 4, is a 3 bedroom/2 bath 1600 sq ft, beautifully appointed & furnished unit, on 2 levels, which can serve as either a rental or your own home. A pristine creek runs through the back of the property for added Up North feel. The Gray House is within easy walking distance to downtown Bellaire, with all the quaint and charming eateries, shops & watering holes. Currently all units are on a 1-year lease, with annual income in excess of $50,000. Once these leases are up (staggered throughout the year), this would make a fantastic Short Term Rental property allowing you to greatly expand your rental opportunity. Showings can be scheduled on Tuesdays, Thursdays & Saturdays from 1-5, to accommodate the tenants currently residing there. Apartment details are in the Associated Docs. Excellent opportunity in Bellaire that does not become available often!

Location

State MI

County Antrim

Area Kearney Twp

Zoning Residential

Interior

Hot Water Natural Gas

Heating Forced Air, Hot Water

Fireplace no

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Waterfront Description Creek

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 2 Story

Schools

School District Bellaire

Others

Pets Allowed Yes

Tax ID 054103000201

Ownership Private Owned

Acceptable Financing Cash, Trade/Exchange

Listing Terms Cash, Trade/Exchange

Financing Cash,Trade/Exchange

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Realcomp MLS
Listed by Coldwell Banker Schmidt-Shant
Bought with Keller Williams Northern Michigan
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130 W 5th Ave, Oak, MI, United States

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