726 S Huron, Cheboygan, MI 49721

Local realty services provided by:CENTURY 21 Realty North
726 S Huron,Cheboygan, MI 49721
$499,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: alex mackenzie
Office: coldwell banker schmidt traver
MLS#:80063033
Source:MI_REALSOURCE

Price summary

  • Price:$499,000

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.

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Home facts

  • Year built:1960
  • Listing ID #:80063033
  • Added:53 day(s) ago
  • Updated:November 21, 2025 at 11:04 AM

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1960
  • Lot area:2.5 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sanitary

Finances and disclosures

  • Price:$499,000