About 725 N Lake Street
Excellent investment opportunity in the heart of Cadillac! This well-maintained triplex offers a strong rental history and has been privately managed, making it an ideal addition to any investment portfolio. The property features three separate units, including two upper-level 1-bedroom, 1-bath apartments and a spacious main-floor 2-bedroom, 1-bath apartment with convenient basement access. A new furnace installed in 2024 provides added value and peace of mind. Ideally located within walking distance of downtown Cadillac's restaurants, shopping, parks, and entertainment, the property is also adjacent to the scenic Clam River Walkway, offering tenants easy access to one of the city's most enjoyable outdoor amenities. Whether you're looking to expand your rental portfolio or begin investing in income-producing real estate, this well-positioned property is one you won't want to miss.
Features of 725 N Lake Street
| MLS® # | 1948772 |
|---|---|
| Price | $219,900 |
| Bathrooms | 3.00 |
| Square Footage | 2,270 |
| Acres | 0.28 |
| Year Built | 1910 |
| Type | Multi-Family |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 725 N Lake Street |
|---|---|
| Subdivision | City of Cadillac |
| City | Cadillac |
| County | Wexford |
| State | MI |
| Zip Code | 49601 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Waterfront | River |
| Has Pool | No |
Interior
| Interior Features | None, Cable TV, High Speed Internet |
|---|---|
| Appliances | Refrigerator, Oven/Range |
| Heating | Forced Air, Natural Gas |
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | Sidewalk |
|---|---|
| Roof | Asphalt |
| Construction | Frame, Vinyl Siding |
School Information
| District | Cadillac Area Public Schools |
|---|
Additional Information
| Days on Market | 4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | REO-Cadillac-233028 |
|---|