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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

Listed by Coldwell Banker Schmidt-Bellaire

$439,900

Est. payment - /mo

4 Baths

1,700 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $258

MLS Listing ID 1951979

Style Apartment

Year Built 1950

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Multi Family

Property Description

Prime Downtown Bellaire 4-Plex | Fully Occupied Turnkey Asset Exceptional, Rare In-Town Multi-Family Opportunity! 513 E Cayuga offers immediate, multi-stream rental yield within the Village of Bellaire. Situated on a 0.34-acre lot, this fully occupied four-plex features a balanced unit mix of two private 1-bedroom apartments and two efficient studio units, delivering immediate day-one cash flow. Tenants love the unbeatable location—just a short walk to downtown Bellaire's vibrant core district, including Short's Brewing Company and other local coffee shops and eateries, shopping, and walking path to Richardi Park. The property boasts dedicated off-street parking, a highly prized feature for in-town living that ensures effortless tenant attraction and long-term retention. With severe regional demand for year-round workforce housing and zero local multi-family inventory competition, this asset provides an investor with low vacancy risk, steady cash flow, and clear upside potential. Whether you are seeking a resilient addition to your portfolio or a high-yielding Northern Michigan income property, 513 E Cayuga offers reliable performance in an ideal setting.

Location

State MI

Community Pets Allowed

Rooms

Basement Crawl Space

Interior

Interior Features Cable TV, High Speed Internet

Heating Gravity, Natural Gas

Fireplaces Type None

Fireplace false

Appliance Refrigerator, Oven/Range, Disposal, Exhaust Fan

Exterior

Exterior Feature Sidewalk

Community Features Pets Allowed

Waterfront Description Public

Roof Type Asphalt

Garage false

Building

Story Two

Sewer Public Sewer

Water Public

Architectural Style Apartment

Schools

Elementary Schools John R Rodger Elementary School

Middle Schools Bellaire Middle School

High Schools Bellaire Public High School

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Chollie Houghtaling

+1(248) 764-0614

Broker License ID: 431484

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513 Cayuga Bellaire, MI 49615

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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513 Cayuga