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    Lake City, MI Apartment Buildings for Sale

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    Mc Bain, MI Cadillac, MI Manton, MI
    Lake City Multifamily Investment Opportunity
    $420,000
    4,880 SF

    Lake City Multifamily Investment Opportunity

    1341 S Lakeshore Drive, Lake City, MI 49651

    Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

    • Turnkey, fully occupied 8‑unit multifamily property providing immediate cash flow.
    • Significant expansion potential on a 2.11‑acre lot, allowing for the construction of additional units.
    • High‑visibility location on M‑66/S. Lakeshore Drive in a desirable four‑season market.
    • Existing pool house (80 x 34) offers options for restoration or conversion into rental units.
    • Includes a 56 x 24 pole barn, providing opportunities for storage rental and added income.
    Updated: Apr 15, 2025
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    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MI, we suggest exploring several alternatives:

    Lake City, MI Apartment Buildings Investment Opportunities Market Analysis

    Explore 1 apartment buildings for sale in Lake City, MI on our real estate platform. These investment opportunities span a total of 4,880 square feet of properties for sale, with an estimated market value of $420,000.

    Sale prices for two-family homes in Lake City, MI start at $420,000, averaging $420,000, and reaching up to $420,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    6-Month New Listing Trend

    Monthly new listing volume vs. 6-month average in Lake City.

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Strategic Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49651 $420K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per sq ft
    Average Loan-to-Value 65.0%

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