726 S Huron St Cheboygan, MI 49721
Estimated payment $3,274/month
Highlights
- 2.5 Acre Lot
- Shed
- Baseboard Heating
About This Home
Excellent investment opportunity — a fully occupied 6-unit apartment complex ideally located directly across from McLaren Hospital and just minutes from Downtown Cheboygan. The property totals approximately 7,500 SF on 2.5 ± acres and consists of three 3-bedroom / 1.5-bath units and three 2-bedroom / 1.5-bath units, all currently leased month-to-month. Each unit offers two private parking spaces, a semi-private backyard area, and a dedicated storage shed. Currently offered at an approximate 8.35% CAP rate, with value-add potential through future development of the property’s excess acreage. Don’t miss this opportunity to invest in one of Cheboygan’s best-located multifamily assets.
Listing Agent
Coldwell Banker Schmidt Traver License #6501406999 Listed on: 10/22/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,635
Year Built
- Built in 1960
Lot Details
- 2.5 Acre Lot
- The community has rules related to zoning restrictions
Home Design
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 7,500 Sq Ft Home
- 2-Story Property
- Oven or Range
Laundry
- Dryer
- Washer
Outdoor Features
- Shed
Utilities
- Baseboard Heating
- Cable TV Available
Community Details
- 6 Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,635 | $190,400 | $0 | $0 |
| 2024 | $6,150 | $174,200 | $0 | $0 |
| 2023 | $5,887 | $167,300 | $0 | $0 |
| 2022 | $5,658 | $149,500 | $0 | $0 |
| 2021 | $6,625 | $115,900 | $115,900 | $0 |
| 2020 | $6,556 | $113,900 | $113,900 | $0 |
| 2019 | $6,402 | $118,600 | $118,600 | $0 |
| 2018 | $6,242 | $114,100 | $0 | $0 |
| 2017 | $6,052 | $106,200 | $0 | $0 |
| 2016 | $5,994 | $106,200 | $0 | $0 |
| 2015 | -- | $101,500 | $0 | $0 |
| 2014 | -- | $109,700 | $0 | $0 |
| 2012 | -- | $120,600 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $499,000 | -- | $67 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1939804
APN: 055-G17-001-019-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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