10-Unit Multifamily
218 Cottage Street, Cadillac, MI 49601
For Sale
$575,000
Multi Family, Cadillac, MI
Property SizeContact for details
Lot Size0.34 Acres
Days on Market134
Property Features for 218 Cottage Street
General Information
Property type
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Zoning description
Bedrooms
Full bathrooms
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Parking
Basement
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Elementary school district
Middle school district
High school district
Directions
Standard status
APN
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Additional Details
Tenant in Place
Taxes and HOA fees
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Utilities
Utilities
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Building Details
Year built
Number of units
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Roof type
Buildings
Listing Agency:
Coldwell Banker Schmidt Cadillac
(231) 775-1737
Listed By:
Michael McGuire · License #6501379230
(231) 920-1571
Added: Jun 29
Changed: Oct 30
Last Checked: Nov 9 at 10:06AM
MLS# 26040780
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Investment Insights
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This multifamily offering combines three apartment properties with 10 rental units, including 9 units currently leased. The buildings provide off-street parking and are positioned for straightforward oversight because of their close proximity to one another. Property features include aluminum and vinyl siding, forced-air heating, composition roofing, and cable availability. The recorded year built is 1900.
The package is located within three blocks of downtown Cadillac, placing the properties near shopping, dining, entertainment, and employment opportunities. The combined lot size is 0.34 acres, and the properties are situated in Cadillac, Michigan, in Wexford County.
The package is located within three blocks of downtown Cadillac, placing the properties near shopping, dining, entertainment, and employment opportunities. The combined lot size is 0.34 acres, and the properties are situated in Cadillac, Michigan, in Wexford County.
Key Highlights
- Three multifamily properties offered together
- 10 rental units, with 9 of 10 units currently leased
- Within three blocks of downtown Cadillac
Property Analytics
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Lease Details
10
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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Business Placement
Demographics for 49601, MI
21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three nearby apartment properties provide off-street parking and established rental operations within three blocks of downtown Cadillac.
Where is this apartment building located?
The property is located at 218 Cottage Street Cadillac, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three multifamily properties offered together; 10 rental units, with 9 of 10 units currently leased; Within three blocks of downtown Cadillac
