411 S Simons Street, Cadillac City, MI 49601
G.A. MITCHELL PLAT · Wexford County
Key Facts
Description
Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1900
Lot Size
0.14 acres
Lot Dimensions
59 x 100 others simila
Days on Market
3
MLS® Listing#
78080070365
Property Features
Appliances
Cooling
Heating
Basement
Patio
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$10,671
Assessed Value
$180,000
Parcel Number
100820020300seeremarks
Affordability Calculator
$115,000
Estimated monthly payment
$3,060/mo
Principal $460,000 · Est. interest $641,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cadillac City, MI
- $238,324
- Median Listing Price
- 58
- Median Days on Market
- 1,498
- Median Sq Ft
- $138
- Median Price / Sq Ft
- 13,965
- Active Listings
- This home’s price is 141% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cadillac City, MI.
Location
Points of Interest in Cadillac City, MI
Showing the Cadillac City area map.
Nearby Schools
Cadillac Area Public Schools
School · 0.1 mi away
Franklin Elementary School
Elementary · 0.3 mi away
Northview Seventh-Day Adventist School
School · 0.5 mi away
Cadillac Junior High School
Secondary · 1.0 mi away
Lincoln Elementary School
Elementary · 1.0 mi away
Wexford Missaukee Isd
Secondary · 1.6 mi away
KENWOOD Elementary School
Elementary · 1.8 mi away
Mackinaw Trail Middle School
Secondary · 2.2 mi away
Forest View Elementary School
Elementary · 9.3 mi away
Northern Michigan Christian School
Secondary · 9.6 mi away
McBain Elementary School
Elementary · 9.9 mi away
McBain Rural Agricultural School
School · 9.9 mi away
McBain High School
Secondary · 9.9 mi away
Pine River Preschools
School · 10.8 mi away
Lake City High School
Secondary · 10.8 mi away
Manton Consolidated Schools
Secondary · 10.9 mi away
Lake City Area Schools
School · 11.0 mi away
Lake City Middle School
Secondary · 11.1 mi away
Pine River Area Schools
Secondary · 13.5 mi away
Pine River Elementary School
Elementary · 14.8 mi away
Commute Calculator
Nearby Homes
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10078 Kolb Avenue, Allen Park City, MI | $402,800 | 3 | 3 | 3,690 |
| 11803 Partridge Drive, Taylor City, MI | $403,597 | 4 | 3 | 2,288 |
| 525 W LAFAYETTE Boulevard 13E, Detroit City, MI | $404,000 | 2 | 2 | 1,238 |
| 1257 S. ETON, Birmingham City, MI | $404,900 | 3 | 1 | 2,216 |
| 1420 Bush Creek Drive, Grand Blanc City, MI | $404,900 | 4 | 3 | 2,432 |
| 451 Moran Road, Grosse Pointe Farms City, MI | $404,900 | 3 | 2 | 1,483 |
Moving Cost Estimate
EXIT Agents in Cadillac City
Listing Courtesy: Coldwell Banker Schmidt-Cadillac - 2317751737
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