Cheboygan MI Multi Family for Sale
ADDITIONAL INFORMATION
Here's your chance to own a prime investment property in the heart of downtown Cheboygan. This property features three one-bedroom units, offering excellent rental potential. While some updates are needed, the current owner has had no trouble keeping the units rented, highlighting strong demand in the area. The property has a new furnace and an updated electric panel, adding to its appeal. Located just a short walk from Main Street, this property offers easy access to local shops and dining. Enjoy the beautiful Cheboygan River, City Beach, and the popular bike/snowmobile trail, all just steps away. With its ideal location and potential for upgrades, this property is a great investment opportunity in a sought-after area.
- Type:
- Multi-Family
- Sq.Ft.:
- 2
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 70434894
ADDITIONAL INFORMATION
The home includes a upper level unit with 3 bedrooms and 1 bath. The lower level included 2 bedrooms and 1 bath. The year the home was built is estimated.Photos of the lower level coming soon.
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Cheboygan Real Estate
The median home value in Cheboygan, MI is $204,200. This is higher than the county median home value of $144,900. The national median home value is $338,100. The average price of homes sold in Cheboygan, MI is $204,200. Approximately 55% of Cheboygan homes are owned, compared to 26.35% rented, while 18.65% are vacant. Cheboygan 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 Cheboygan real estate agent to arrange a tour today!
Cheboygan, Michigan has a population of 4,797. Cheboygan is more family-centric than the surrounding county with 31.14% of the households containing married families with children. The county average for households married with children is 23.09%.
The median household income in Cheboygan, Michigan is $38,750. The median household income for the surrounding county is $53,482 compared to the national median of $69,021. The median age of people living in Cheboygan is 41 years.
Cheboygan Weather
The average high temperature in July is 78.1 degrees, with an average low temperature in January of 8.5 degrees. The average rainfall is approximately 31.1 inches per year, with 93.8 inches of snow per year.