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    6123 Pointe Tremble Rd Algonac, MI 48001

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    For Sale
    $574,000

    Income-producing waterfront property with four units and ample land.

    Lot size:
    1.15 Acres

    Property Features for 6123 Pointe Tremble Rd

    General Information

    Lot size
    1.15 Acres

    Building Details

    Year built
    1959

    Source: RE/MAX First Agent Amy Gay-Allen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Multifamily Income Property

    This income-producing property features over 100 feet of North Channel frontage and over 1 acre of land. It includes two waterfront multifamily homes, totaling four units, all of which are currently leased. A newer seawall is in place. The Colonial lower unit features 1 bedroom (possibly 2), 1.5 bathrooms, a fireplace, and laundry facilities, with a monthly income of $2000. The Colonial upper unit offers 2 bedrooms, 1 bathroom, a fireplace, laundry facilities, and views, generating a monthly income of $1400. The ranch duplex consists of two units, each with 1 bedroom and 1 bathroom, with monthly incomes of $900 and $1200 respectively. The ranch duplex has a shared laundry area. All appliances are included: 4 refrigerators, 4 stoves, 3 washer/dryers, and 1 dishwasher. Tenants are responsible for their own gas and electric utilities, which are separately metered. Water is on one meter, and tenants pay the owner for water usage. The property is located in Pearl Beach, MI. The property was appraised in June 2024 for $580,000.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Algonac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.601804
    Latitude
    42.627338

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing waterfront property with four units and ample land.
    Where is this multifamily property located?
    The property is located at 6123 Pointe Tremble Rd Algonac, MI.
    What is the asking price?
    The asking price for this property is $574,000.
    What are key features of this property?
    This property features: - Income-producing property with leased units; - Appraised at $580,000 in June 2024; - **Over 100 feet of North Channel frontage on over 1 acre of land**
    (586) 876-9115
    Request Owner's contact information
    6123 Pointe Tremble Rd Algonac, MI 48001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6123 Pointe Tremble Rd Algonac, MI 48001
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