MI > Cheboygan > Indian River > 2862 Arlene
  • 10 Units
  • MLS# 201833217
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Real Estate One of Alpena, Houghton, and Higgins Lake

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

248-304-6700

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

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 
Style
Ranch 
Possession
at 
List Price
$950,000
Subdivision
T35NR2W 
County
Cheboygan 
Total No of Units
10 

School Information

School District
Inland Lakes 

Rooms and Land

Unit1
Bedrooms: 1 Bathrooms: 1.00 Finished SqFt: 530
Unit2
Bedrooms: 1 Bathrooms: 1.00 Finished SqFt: 530
Unit3
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Unit4
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Unit5
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Unit6
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Unit7
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Unit8
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 550
Lot Dimensions
1.21 acres 

Features

Style
Ranch 
Exterior Features
Vinyl 
Basement
Crawl Space 
Appliances
Electric Range, Refrigerator 
Cooling
None 
Heating
Baseboard, Natural Gas 

Frequently Asked Questions

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201833217 Active Jan 29 2025 3:50PM $950,000 88
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

MIWWLX Logo

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

2862 Arlene Indian River
Contact us
$950,000
For Sale • No. of Units: 10