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(231) 499-4448
Real Estate Company
513 Cayuga, Bellaire, MI 49615
- $439,900
- 4
- BA
- 1,700
- SqFt
- List Price
- $439,900
- Days on Market
- 1
- Status
- NEW
- MLS#
- 1951979
- Bathrooms
- 4
- Living Area
- 1,700
- Lot Size (Acres)
- 0.34
- Style
- Apartment
- Year Built
- 1950
Property Description
Prime Downtown Bellaire 4-Plex | Fully Occupied Turnkey Asset Exceptional, Rare In-Town Multi-Family Opportunity! 513 E Cayuga offers immediate, multi-stream rental yield within the Village of Bellaire. Situated on a 0.34-acre lot, this fully occupied four-plex features a balanced unit mix of two private 1-bedroom apartments and two efficient studio units, delivering immediate day-one cash flow. Tenants love the unbeatable location—just a short walk to downtown Bellaire’s vibrant core district, including Short’s Brewing Company and other local coffee shops and eateries, shopping, and walking path to Richardi Park. The property boasts dedicated off-street parking, a highly prized feature for in-town living that ensures effortless tenant attraction and long-term retention. With severe regional demand for year-round workforce housing and zero local multi-family inventory competition, this asset provides an investor with low vacancy risk, steady cash flow, and clear upside potential. Whether you are seeking a resilient addition to your portfolio or a high-yielding Northern Michigan income property, 513 E Cayuga offers reliable performance in an ideal setting.
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Additional Information
- Building Name
- Richardi Addition
- Stories
- 2
- Interior Features
- High Speed Internet, Cable TV
- Amenities
- Pets Allowed
- Exterior Features
- Sidewalk
- Heating
- Gravity, Natural Gas
- Cooling
- Electric
- Water
- Public
- Sewer
- Public Sewer
- School District
- Bellaire Public Schools
- Elementary School
- John R Rodger Elementary School
- Middle School
- Bellaire Middle School
- High School
- Bellaire Public High School
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Listing Courtesy of Coldwell Banker Schmidt-Bellaire. 231-533-8641