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5115 S Straits Highway

Indian River, MI 49749
  • $1,400,000
  • STATUS: Active Under Contract
  • ON SITE: 48 Days
  • MLS #: 201823371
Under Contract
$1,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

School District:

Description

Income-generating oasis in Indian River! Nestled in the heart of serene surroundings, this property boasts 18 charming cabins and a spacious 3 bed, 2 bath chalet house. Cabins recently renovated with upgrades to siding, heating, septic system and windows - maintenance-free. The rental history speaks volumes about its potential as an investment opportunity with most units renting for $700 to $900/month. Financials available upon request! With such great returns on offer, it's no wonder that this gem may make a good condo conversion project. Don't miss out on your chance to own this lucrative slice of paradise!

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© 2023 Empire Access Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Midge & Co | Luxury Lakefront Homes. Data last updated: 2023-06-01T23:32:41.61.

www.midgeandco.com/homes/138571713
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5115 S Straits Highway Indian River, MI 49749

  • Price: $1,400,000
  • Status: Active Under Contract
  • On Site: 48 Days
  • MLS #: 201823371
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Indian River
County:
Cheboygan
Area:
Indian River
School District:
Inlandlakes
Property Description
Income-generating oasis in Indian River! Nestled in the heart of serene surroundings, this property boasts 18 charming cabins and a spacious 3 bed, 2 bath chalet house. Cabins recently renovated with upgrades to siding, heating, septic system and windows - maintenance-free. The rental history speaks volumes about its potential as an investment opportunity with most units renting for $700 to $900/month. Financials available upon request! With such great returns on offer, it's no wonder that this gem may make a good condo conversion project. Don't miss out on your chance to own this lucrative slice of paradise!
Exterior Features

Construction Frame Drive Gravel Lot Size Dimensions 2.79 Acres Parking AssignedCommonParking Lot Road BlacktopPaved

Interior Features

Heat Air BaseboardElectricHot Water

Property Features

Association Dues YN No Bus Invtry Descrip N/A Business Information Business OpportunityIncome Property Current Zoning Commercial Electric Master Extras FireplaceHigh VisibilityHighway AccessLandscapedLaundryLiving QuartersStorage For Sale Or Rent S Gas Master Ownership Status Owner Present Potential Use OfficeRentalResort Sewer SepticShared Septic Subdivision Or TR T35nR3w Terms CashConventional Mort Township City Village Tuscarora Type Business Op Util Pd By Owner ElectricFuel Water MasterWell

Listing information © 2023 Water Wonderland Board of Realtors, Inc.
Listing provided courtesy of Key Realty Gaylord: (989) 732-6500.



© 2023 Empire Access Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Midge & Co | Luxury Lakefront Homes. Data last updated: 2023-06-01T23:32:41.61.

 
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