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33 photos
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$250,000
Est. payment /mo
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 77080075219
Style Apartment
Year Built 1900
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type MultiFamily
Property Description
Investment Opportunity in Downtown East Tawas! This property boasts (5) 1 bedroom, 1 bathroom units, and offers an excellent opportunity for investors looking to establish or expand their real estate portfolio in the heart of the East Tawas area. All five units are currently under lease, generating a gross monthly rental income of $4,400, or $52,800 annually. Situated near downtown East Tawas, the property offers convenient access to local shops, restaurants, entertainment, parks, and the beautiful shores of Lake Huron. The Tawas area is a popular destination for both year-round residents and seasonal visitors, offering small-town charm, outdoor recreation, and a vibrant downtown atmosphere. With five leased rental units, this property offers multiple income streams and immediate rental income for its next owner. Its location near shopping, dining, beaches, and everyday conveniences adds to its appeal as a rental property. Whether you're an experienced investor or looking to enter the rental property market, this is an opportunity to own an income-producing property in one of Northeast Michigan's desirable lakeside communities. Invest in East Tawas and take advantage of everything this beautiful area has to offer!
Location
State MI
County Iosco
Area Area35081Baldwintwp
Rooms
Basement Full
Interior
Heating Baseboard, Natural Gas
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Tawas
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Pets Allowed Yes
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Listed by SHANNONE BONDIE of STERLING PROPERTIES
NEARBY SCHOOLS & PROPERTIES
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