MI > Cheboygan > Indian River > 2862 Arlene
  • MLS# 201833215
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Real Estate One of Alpena, Houghton, and Higgins Lake

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248-304-6700

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248-208-3883

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Fantastic investment opportunity with 10 apartment units! There are four 1-bedroom apartments and six 2-bedroom apartments., all with one full bathroom. The combination of location and amenities--being close to the Indian River, the North Central Trail system, and downtown Indian River--makes it very appealing. The apartment complex offers views of the Indian River canal, which is a great selling point. Features of the apartments include a backdoor leading to a spacious backyard and an open floor plan. With passive income potential, it seems like a solid property for someone looking to invest in a growing area with a mix of outdoor activities and small-town charm. Located 1/2 mile north of Indian River, just east of Straits Highway, making travel easy for owner and tenant.

Property Information

Status
Active 
Address
2862 Arlene 
City
Indian River 
Zip
49749 
Year Built
Subdivision
T35N, R2W 
List Price
$950,000
County
Cheboygan 
Parking
Parking Lot 

School Information

School District
Inland Lakes 

Features

Total No. of Units
10 
Zoning
commercial 
Water
Well 
Sub Property Type
Business Op 
Cooling
Natural Gas 
Heating
Natural Gas 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201833215 Active Jan 29 2025 2:50PM $950,000 140
School Information
Local Business

Learn More About This Listing

Real Estate One of Alpena, Houghton, and Higgins Lake

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Coldwell Banker Schmidt Indian River
Office Address 3970 S Straits Highway P.o. Box 631

2862 Arlene Indian River
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$950,000
For Sale • Acres: 0.0 • Zoning: commercial