513 CayugaKearney Township, MI 49615

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Style

Apartment

Year built

1950

Living area

450 Sq Ft

Lot size

0.34 acres

Lot dimensions

100x150

Days on market

2

MLS^® Listing#

78080074877

Property Features

Appliances

Disposal · Oven · Refrigerator · Range

Cooling

Exhaust Fan

Heating

Electric · Gravity · Natural Gas

Basement

Crawl Space

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

Assessed value

$57,589

Parcel number

054125001800