10-Unit Apartment Property
For Sale
$575,000
411 S Simon St 1, Cadillac, MI 49601
Three nearby rental properties offer off-street parking and convenient access to downtown Cadillac.
Property SizeContact for details
Days on Market8
Property Features for 411 S Simon St 1
General Information
Standard status
Active
Property subtype
Investment
Occupancy
90%
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$3,999
Building Details
Year Built
1900
Buildings
3
Units
4
Listing Agency:
Coldwell Banker Schmidt Cadillac
(231) 920-1571
Listed By:
Mike McGuire · License #6501379230
(231) 920-1571
Source:
Elliman
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 20 at 10:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Cadillac
Investment Insights
Based on property information with market context.
This apartment property package includes three multifamily buildings with 10 rental units in total. Nine of the 10 units are currently leased. The properties are located within three blocks of downtown Cadillac, Michigan, placing them near the shopping, dining, entertainment, and employment options identified in the property information. The buildings are close to one another and provide off-street parking. Constructed in 1900, the properties offer an established rental configuration in a central Cadillac setting. The location records a Walk Score of 34 and a Bike Score of 38, characterized as car-dependent and somewhat bikeable, respectively.
Key Highlights
- Three multifamily properties included in one package
- 10 rental units total
- 9 of 10 units currently leased
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three nearby rental properties offer off-street parking and convenient access to downtown Cadillac.
Where is this apartment building located?
The property is located at 411 S Simon St 1 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 included in one package; 10 rental units total; 9 of 10 units currently leased
