6444 E M 115 - Apartments FOR SALE


Cadillac, MI 49601
$665,000 USD
231-878-8777
6444 E M 115, Cadillac, MI for Sale
$665,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

6444 E M 115
Cadillac, MI 49601


OVERVIEW

Lakeview Apartments of Cadillac ?? 6444 E M-115, Cadillac | ?? $665,000 Seize this incredible investment opportunity just off M-115 as you enter Cadillac West! This 2.88-acre property boasts 10 rental units, a massive 50x80 pole barn, and views of Lake Cadillac. Currently operating as Lakeview Apartments of Cadillac, this long-standing establishment features a diverse mix of rental units: ? 6 studio cabins ? 1 one-bedroom unit ? 2 two-bedroom units ? 1 three-bedroom unit Each unit is connected to a private well, sewer, and natural gas. The spacious 50x80 pole barn offers 16’ sidewalls, a 14’ overhead door, and a 12’ overhead door—perfect for storage or additional rental income. With room for expansion, an open area to the north provides a breathtaking view of Lake Cadillac—buyers should verify development potential with local zoning authorities. Located within walking distance to beaches, parks, camping, dining, golf courses, and more, this property is perfectly positioned for long-term rental income or vacation rentals. ?? Showings by appointment only, with proof of financing. ?? No seller financing available.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

10

PRICE/UNIT

$66,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview Apartments, LLC

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

Commercial

APN/PARCEL ID

10-093-00-092-00,2109-LKG-01A

ASK ABOUT THIS PROPERTY

Michelle MaidensReal Estate OneMore Info
231-878-8777

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Michelle MaidensReal Estate OneMore Info
231-878-8777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.