NOT LISTED FOR SALE

628 E Garfield St Cadillac, MI 49601

Estimated Value: $117,000 - $188,000

-- Bed
-- Bath
1,671 Sq Ft
$91/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $135,000 $81 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,073/month

54 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Attached Garage
  • Entrance Foyer

About This Home

As of August 2024

Discover a fantastic investment opportunity in the heart of downtown Cadillac! This multi-family home is a prime addition to your portfolio with its impressive rental history and ideal location. Extensively renovated over the years, this property boasts turn-key apartments requiring minimal upkeep, making it an easy and profitable investment. Perfect for both investors and homeowners, this property offers the unique opportunity to live in one unit while generating cash flow from the other. Its prime location offers great walkability to downtown Cadillac's vibrant business district and is just a short distance from the beautiful Lake Cadillac. Don't miss out on this chance to own a multi-family home in a thriving community, where convenience and income potential come together seamlessly. Schedule your showing today and step into a smart investment for your future! Lower unit has new lease in place through May 31, 2025,Rent is $850 + utilities -tenant pays electric -Heat, Water, Garbage is spit 70% lower 2bd unit and 30% for upper -Upper unit has a month to month tenant in place -Rent is $800/mo + utilities -tenant pays electric Tenant has given notice they are leaving on July 10, 2024

Last Agent to Sell the Property

Jaimie Fellows-Garno

City2Shore Real Estate Northern Michigan License #6501325941 Listed on: 06/14/2024

Last Buyer's Agent

Michelle Maidens

REO-Cadillac-233028 License #6506045786

REO-Cadillac-233028

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x159
  • The community has rules related to zoning restrictions

Parking

  • Attached Garage

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,671 Sq Ft Home
  • Entrance Foyer
  • Partial Basement
  • Oven or Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • J Cummer & Sons Addition Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: Duplex
  • Estimated Year Built: 1915
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Washer, Dryer
  • Interior Amenities: Foyer Entrance
  • Range: R 9W
  • Total Finished Sf Apx: 1671

Exterior Features

  • Exterior Features: Sidewalk, Covered Porch
  • Exterior Finish: Wood
  • Foundation: Partial, Entrance Inside
  • Number Of Acres: 0.18
  • Road: Blacktop
  • Roof: Metal

Garage/Parking

  • Primary Garage: One Car, Attached

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Association/Amenities

  • Development Name: J Cummer & Sons Addition

Lot Info

  • Lot Dimensions: 50x159
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 2233.86
  • Winter Taxes: 1197.81
  • Year Winter: 2023

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Cadillac Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Aug 16, 2024
Sold by
Healey Steven
Bought by
Carter Toby D and Carter Stacy A
Seller's Agent
Jaimie Fellows-Garno
City2Shore Real Estate Northern Michigan
Buyer's Agent
Michelle Maidens
REO-Cadillac-233028
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Views
66
Current Estimated Value
$152,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,427
Avg. Annual Appreciation
9.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carter Toby D $135,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2024 08/16/24 Sold $135,000 -9.9% $81 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $149,900 0.0% $90 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $149,900 +76.4% $90 / Sq Ft
09/17/2020 09/17/20 Sold $85,000 -5.5% $53 / Sq Ft View Prior Sale
09/04/2020 09/04/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $89,900 -- $56 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $3,326 $67,900 $0 $0
2024 $2,319 $61,600 $0 $0
2023 $3,292 $57,000 $0 $0
2022 $3,292 $51,900 $0 $0
2021 $3,207 $50,000 $0 $0
2020 $1,568 $42,000 $0 $0
2019 $1,543 $40,600 $0 $0
2018 -- $41,600 $0 $0
2017 -- $27,000 $0 $0
2016 -- $26,000 $0 $0
2015 -- $24,800 $0 $0
2013 -- $21,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jaimie Fellows-Garno

    Seller's Agent in 2024

    Jaimie Fellows-Garno

    City2Shore Real Estate Northern Michigan

    (231) 920-6617

    41 in this area

    458 Total Sales

    Jaimie Fellows-Garno
    Section Image
  • Michelle Maidens

    Buyer's Agent in 2024

    Michelle Maidens

    Real Estate One

    (231) 878-8777

    36 in this area

    264 Total Sales

    Michelle Maidens
    Section Image

  • M

    Seller's Agent in 2020

    Michael McNamara

    RE/MAX Michigan

    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1923538

Northern Great Lakes REALTORS® MLS

APN: 10-057-00-020-00

Michigan Wexford County Cadillac 49601

628 E Garfield St, Cadillac, MI

Not Listed for Sale

MultiFamily

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Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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