Megan Koch Real Estate Agent
BEDS0
BATHS
MLS#1951979
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMI
SCHOOLBellaire Public Schools
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 locationâ??just a short walk to downtown Bellaireâ??s vibrant core district, including Shortâ??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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Home Style: 2 Story, Apartment, 2 Story, Apartment
Lot Size: 0.34 Acres
Roof Type: Asphalt
Year Built: 1950
Feature Descriptions
Appliance(s)/Equipment: Refrigerator, Oven/Range, Disposal, Exhaust Fan
Construction: Frame
Exterior: Sidewalk
Garage/Parking: One Car
Heating/Cooling: Gravity Air
Heating/Cooling Source: Natural Gas, Electric
Interior: Laundry Hook-up
Lot Dimensions: 100x150
Outbuilding(s): Yes
Road: Public Maintained
Sewer: Municipal
Water: Municipal
Waterfront Type: No
Local Schools
School District: Bellaire Public Schools
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Schmidt-Bellaire
Agency Phone: 231-533-8641
Shown By
Agent Name: Megan Koch Real Estate Agent
Agent Phone: (517) 775-6261
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,588.98 per month $2,460.68 Principal & Interest $0.00 Property Tax (data not provided by mls) $128.30 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
513 Cayuga | MLS# 1951979
This multi-family property located at 513 Cayuga, Bellaire, MI 49615 is currently listed for sale with an asking price of $439,900. Cayuga is located within the Bellaire Public Schools school district. Search Bellaire real estate on www.buysellwithmegankochnow.com today.