Excellent opportunity to own a recently updated, fully occupied, income-producing triplex in Cadillacâs historic district, just blocks from downtown and Lake Cadillac. All three units are tenant-occupied with strong rental history and a current City of Cadillac rental certificate. The property includes two 1-bedroom units and one larger unit with 2 to 3 bedrooms. Potential for future increases. Tenants pay electric; landlord covers gas, water, sewer, trash, lawn, and snow. Off-street parking is available for six vehicles via alley access. Each unit has separate entry and privacy, with shared hallway access for Units 1 and 2. Appliances vary by unit; full list available upon request. Total gross monthly rent is $2,675 with room for increase in Unit 1. Unit 1 is a 1 bed/1 bath unit renting at $775/month (MSHDA, month-to-month). Unit 2 is a 1 bed/1 bath recently updated unit renting at $950/month with a lease through 4/30/26. Unit 3 is a large 2â3 bed/1 bath unit renting at $950/month with a lease through 6/30/26. Unit 3 has electrical in the possible 3rd bedroom space, but no heat. Buyer to verify feasibility for use. Rental is certified with the City of Cadillacâcertificate valid through 9/23/2028. Unit 1 exclusions: 2 freezers, refrigerator, washer, and dryer. Unit 2: all appliances included. Unit 3: washer and dryer excluded. All other appliances in working order. Showings require 24â48 hoursâ notice and are limited to qualified buyers with proof of funds or pre-approval. Leases available upon request.
| MLS # | 80067938 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1885 |
| Days On Site | 109 |
| Listing Provided By | Five Star Real Estate - Mitchell St Cadillac | Stacy Zirkle |
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | Multi-Family |
| Acreage | 0.15 |
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air, Hot Water |
| Interior Features | Walk-In Closet(s) |
| Appliances | Range/Oven, Refrigerator |
| Exterior Features | Sidewalks |
|---|
| List Aor | Aspire North REALTORS |
|---|
| State | MI |
|---|---|
| County | Wexford |
| City | Cadillac |
| Zip Code | 49601 |
| Area | Cadillac (83019) |
| Community Name | Ga Mitchell's Plat |
| Listing VS Median (in Ga Mitchell's Plat) | |
Price: $199,900 low | high Med: $0 On site: 109 low | high Med: | |
| State | MI |
|---|---|
| County | Wexford |
| City | Cadillac |
| Zip Code | 49601 |
| Area | Cadillac (83019) |
| Community Name | Ga Mitchell's Plat |
| Listing VS Median (in Ga Mitchell's Plat) | |
Price: $199,900 low | high Med: $0 On site: 109 low | high Med: | |