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$439,900
Est. payment /mo
450 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 450 sqft
Price per Sqft $977
Subdivision Richardi Addition
MLS Listing ID 78080074877
Style Apartment
Year Built 1950
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type MultiFamily
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 locationâ€"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
County Antrim
Area Area88081Kearneytwp
Interior
Heating Electric, Gravity, Natural Gas
Cooling Exhaust Fan
Fireplace No
Exterior
View Y/N No
Building
Foundation CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Bellaire
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Pets Allowed Yes
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Listed by Christopher Hale of Coldwell Banker Schmidt-Bellaire
NEARBY SCHOOLS & PROPERTIES
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