Seller's Agent in 2025
Alex MacKenzie
Coldwell Banker Schmidt Traverse City
(231) 499-0529
1 in this area
25 Total Sales
726 S Huron St Cheboygan, MI 49721
--
Bed
10
Baths
7,500
Sq Ft
108,900
Sq Ft Lot
Highlights
- 2.5 Acre Lot
- Cooling Available
- Baseboard Heating
- Fireplace
- Shed
About This Home
As of December 2025Excellent 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.
Last Agent to Sell the Property
Coldwell Banker Schmidt Traverse City Listed on: 10/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Home Design
- Slab Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 10 Bathrooms
- 2-Story Property
- Fireplace
- Oven or Range
Laundry
- Dryer
- Washer
Utilities
- Cooling Available
- Baseboard Heating
Additional Features
- Shed
- 2.5 Acre Lot
Listing and Financial Details
- Rent includes trash collection, snow removal, water, sewer
Community Details
Overview
- 2 Buildings
- 6 Units
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2025
Closed on
Dec 18, 2025
Sold by
Galea Capital Llc
Bought by
Huron Housing Llc
Seller's Agent
Alex MacKenzie
Coldwell Banker Schmidt Traverse City
List Price
$499,000
Sold Price
$499,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,198
Avg. Annual Appreciation
0.96%
Original Mortgage
$374,250
Outstanding Balance
$372,675
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$127,523
Purchase Details
Listed on
Oct 22, 2025
Closed on
Nov 10, 2025
Sold by
Wonderland Apartments Inc
Bought by
Galea Capital Llc
Seller's Agent
Alex MacKenzie
Coldwell Banker Schmidt Traverse City
List Price
$499,000
Sold Price
$499,000
Views
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,250
Outstanding Balance
$372,675
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$127,523
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $499,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $374,250 | New Conventional | |
| Closed | $374,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | Sold | $499,000 | 0.0% | $67 / Sq Ft |
| 10/22/2025 10/22/25 | For Sale | $499,000 | -- | $67 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
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 |
Source: Public Records
Agents Affiliated with this Home
-
Alex MacKenzie
Map
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 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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