$599,900
$65K PRICE DROP

6444 Michigan 115 Cadillac, MI 49601

Estimated payment $4,173/month

Total Views 29,635
-- Bed
-- Bath
5,400 Sq Ft
$111 Price per Sq Ft

Highlights

  • Water Views
  • Pole Barn
  • Baseboard Heating
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

Waste no time to check out this wonderful investment opportunity! Located just off M-115 as you are heading into Cadillac West, sits this 2.88-acre parcel with 10 rentals, a 50x80 pole barn, and Lake Cadillac views. Currently known as Lakeview Apartments of Cadillac, this establishment has been around for years. The 10 units vary in size, there are 6-studio cabins, 1-1bedroom, 2-2bedroom and 1-3bedroom. There is a private well that services all the units, they each have sewer and natural gas. The 50x80 pole barn has 16’ sidewalls, 14’, and a 12’ overhead door. The pole barn and the 3-bedroom unit are currently occupied by one of the owners as they maintain the premises. A new owner could easily rent these out for an additional monthly income. There is also room to grow the establishment with an open area to the north that offers an open view of Lake Cadillac, buyer to verify their own information with zoning, township, city etc. Beaches, parks, camping, dining options, golfing, and so much more are all within walking distance of the property. This property must be shown by appointment only.

Listing Agent

Michelle Maidens

REO-Cadillac-233028 License #6506045786 Listed on: 12/05/2024

REO-Cadillac-233028

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,719

Year Built

  • Built in 1971

Lot Details

  • 2.88 Acre Lot
  • The community has rules related to zoning restrictions

Home Design

  • Ranch Style House
  • Cottage
  • Block Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding
  • Log Siding

Interior Spaces

  • 5,400 Sq Ft Home
  • Water Views
  • Partial Basement
  • Oven or Range

Outdoor Features

  • Pole Barn

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Shared Well
  • Cable TV Available

Community Details

Overview

  • 10 Units
  • Lakeview Apartments Of Cad Community

Amenities

  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,719

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Style: Ranch, Cottage
  • Estimated Year Built: 1971
  • Construction: Frame, Full Log
  • Section Number: 7
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Price Per Sq Ft: 111.09
  • Range: R 9W
  • Total Finished Sf Apx: 5400

Exterior Features

  • Additional Buildings: Pole Building(s)
  • Exterior Finish: Vinyl Siding, Full Log, Wood
  • Foundation: Partial, Block, Slab, Entrance Outside
  • Number Of Acres: 2.88
  • Road: Public Maintained, Concrete
  • Roof: Asphalt
  • Water Features: Water View

Utilities

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

Association/Amenities

  • Development Amenities: Common Area
  • Development Name: Lakeview Apartments of Cad

Schools

  • School District: Cadillac Area Public Schools

Lot Info

  • Lot Dimensions: Irregular
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Commercial

Rental Info

  • Included In Lease: Trash Removal, Snow Removal, Heating/Cooling, Electric, Sewer
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 6659.36
  • Taxable Value: 217818
  • Total Taxes: 11718.6
  • Winter Taxes: 5059.24
  • Year Summer: 2023
  • Year Winter: 2023

Multi Family

  • Total Number Units: 10

MLS Schools

  • School District: Cadillac Area Public Schools

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $599,900 -9.8% $111 / Sq Ft
12/05/2024 12/05/24 For Sale $665,000 -- $123 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1929487

Northern Great Lakes REALTORS® MLS