Cement City MI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 5 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 70413197
ADDITIONAL INFORMATION
**Seller will consider Land Contract terms** This property features 3 buildings with 14 motel rooms and a versatile apartment for a 15th room or Air BnB. Recent renovations and a new business model boosted average daily rates by 20% in May and 34% in June. The ranch home offers 2 beds, 1 bath, and an attached garage- perfect for a long term tenant/ STR or an owner-operator. Located a stone's throw from Lake Somerset, three other lakes within 2 miles (as well as the other 52 Lakes in the Irish Hills area), hotspot for visitors attending events at the Michigan International Speedway, Faster Horses Festival, various wedding and event venues, wineries, a charming cider mill, local parks, and renowned hunting spots. Ideal for investors seeking growth in a prime recreational area.
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Cement City Real Estate
The median home value in Cement City, MI is $365,000. This is higher than the county median home value of $200,800. The national median home value is $338,100. The average price of homes sold in Cement City, MI is $365,000. Approximately 66.67% of Cement City homes are owned, compared to 26.94% rented, while 6.39% are vacant. Cement City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cement City real estate agent to arrange a tour today!
Cement City, Michigan has a population of 538. Cement City is more family-centric than the surrounding county with 30.35% of the households containing married families with children. The county average for households married with children is 28.03%.
The median household income in Cement City, Michigan is $39,107. The median household income for the surrounding county is $60,656 compared to the national median of $69,021. The median age of people living in Cement City is 40.3 years.
Cement City Weather
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 35.1 inches per year, with 39.3 inches of snow per year.