$575,000

Estimated payment $4,258/month

Total Views 691
-- Bed
-- Bath
6,100 Sq Ft
$94 Price per Sq Ft

Highlights

  • Very Popular Property
  • Forced Air Heating System
  • Satellite Dish
  • Patio

About This Home

Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.

Listing Agent

Mike McGuire

Coldwell Banker Schmidt-Cadillac Listed on: 06/29/2026

Coldwell Banker Schmidt-Cadillac

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,607

Year Built

  • Built in 1900 | Remodeled in 1959

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 6,100 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Satellite Dish

Additional Features

  • Patio
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • Rent includes electricity, water, sewer

Community Details

Overview

  • 10 Units
  • Cobss & Mitchells Addition Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,607

Year Built

Built in 1900 | Remodeled in 1959

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Community Features: None
  • Horses: No
  • LotSizeAcres: 0.14
  • Lot Size: 59 x 100 others simila
  • Road Surface Type: Asphalt
  • Has Spa?: No
  • Has View?: No
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: T15743508
  • Subdivision Name: COBSS & MITCHELLS ADDITION
  • Accessibility Features: None
  • Has Fireplace?: No
  • Unit Levels: Two
  • Living Area: 6100
  • Is New Construction?: No
  • Efficiency: Not Applicable
  • Property Attached Yn: Yes
  • Effective Year Built: 1959
  • Year Built: 1900
  • Special Features: None
  • Year Built: 1900
  • Year Renovated: 1959

Interior Features

  • Interior Amenities: Other, Cable TV
  • Number Of Buildings: 1
  • Appliances: Refrigerator, Oven/Range
  • Other Equipment: Dish TV
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Has Private Pool?: No
  • Waterfront Features: None
  • Waterfront?: No
  • Home Warranty: No
  • Construction Type: Frame, Aluminum Siding, Vinyl Siding
  • Foundation Details: Poured Concrete
  • Other Structures: None
  • Patio And Porch Features: Patio

Garage/Parking

  • Has Carport?: No
  • Has Attached Garage?: No
  • Has Open Parking?: No
  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Water, Sewer
  • Pets Allowed: false

Schools

  • Junior High Dist: Cadillac Area Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 6098.4
  • Zoning Description: Residential,Multi-Family

Green Features

  • Green Water Conservation: Not Applicable

Rental Info

  • Lease Term: Month To Month
  • Land Lease Amount: 3150

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 11000
  • Total Actual Rent: 8900
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 13607
  • Tax Year: 2025

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,204 $90,000 $0 $0
2025 $4,088 $82,000 $0 $0
2024 $26 $74,600 $0 $0
2023 $2,684 $64,700 $0 $0
2022 $2,684 $58,900 $0 $0
2021 $1,623 $56,800 $0 $0
2020 $2,242 $47,900 $0 $0
2019 $2,205 $46,400 $0 $0
2018 -- $49,200 $0 $0
2017 -- $37,400 $0 $0
2016 -- $36,700 $0 $0
2015 -- $36,000 $0 $0
2013 -- $31,300 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2026 06/29/26 For Sale $575,000 0.0% $94 / Sq Ft
04/23/2026 04/23/26 For Rent $900 0.0% --
02/22/2021 02/22/21 Sold $122,000 -6.1% $61 / Sq Ft View Prior Sale
12/21/2020 12/21/20 For Sale $129,900 -- $65 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1947340

Northern Great Lakes REALTORS® MLS

APN: 10-086-00-458-00

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