1148 S Mitchell Street, Cadillac, MI 49601
Cobbs and Mitchell · Wexford County
Key Facts
Description
Discover this charming historical building in a prime location, currently configured as three one-bedroom, one-bathroom apartments. Each unit is well-maintained and clean, making it an attractive investment opportunity. All utilities are included for tenants, enhancing rental appeal. The property features efficient hot water heating and a well-maintained hot water tank servicing all units. With its large lot and zoning for special use, there are many potential commercial opportunities in this rapidly developing area. Most properties on Mitchell Avenue are commercial, making this a strategic choice for investors looking to transition or expand into the commercial market. This versatile property can meet a range of needs. Whether you are looking for a solid income-generating asset or exploring commercial development possibilities, this building offers great potential. Schedule a showing today to explore its possibilities.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment
Year Built
1895
Stories
1
Living Area
1,652 sq ft
Lot Size
0.50 acres
Lot Dimensions
159 x 143
Days on Market
3
MLS® Listing#
1947952
Property Features
Interior
Appliances
Heating
Flooring
Fireplace
Basement
Parking
Patio
Construction
Roof
Security
Other Structures
Community
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$53,436
Parcel Number
83-10-051-00-102-00
Directions
City of Cadillac; South of Big Boy; Corner of Mitchell and Marble
Affordability Calculator
$60,000
Estimated monthly payment
$1,597/mo
Principal $240,000 · Est. interest $334,821 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cadillac, MI
- $281,111
- Median Listing Price
- 40
- Median Days on Market
- 1,510
- Median Sq Ft
- $171
- Median Price / Sq Ft
- 199
- Active Listings
- This home’s price is 7% above the area median.
- Its price per sq ft is 6% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cadillac, MI.
Location
Points of Interest in Cadillac, MI
Showing the Cadillac area map.
Nearby Schools
Cadillac Area Public Schools
School · 0.5 mi away
Franklin Elementary School
Elementary · 0.8 mi away
Northview Seventh-Day Adventist School
School · 1.1 mi away
Cadillac Junior High School
Secondary · 1.1 mi away
Lincoln Elementary School
Elementary · 1.6 mi away
Mackinaw Trail Middle School
Secondary · 1.6 mi away
KENWOOD Elementary School
Elementary · 1.8 mi away
Wexford Missaukee Isd
Secondary · 2.2 mi away
Forest View Elementary School
Elementary · 9.1 mi away
Northern Michigan Christian School
Secondary · 9.5 mi away
McBain Elementary School
Elementary · 9.8 mi away
McBain Rural Agricultural School
School · 9.8 mi away
McBain High School
Secondary · 9.8 mi away
Pine River Preschools
School · 10.1 mi away
Lake City High School
Secondary · 11.3 mi away
Lake City Area Schools
School · 11.5 mi away
Manton Consolidated Schools
Secondary · 11.5 mi away
Lake City Middle School
Secondary · 11.5 mi away
Pine River Area Schools
Secondary · 12.8 mi away
Pine River Elementary School
Elementary · 14.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 415 E Harris Street, Cadillac, MI | $210,000 | — | — | 2,314 |
| 415 E Harris Street, Cadillac City, MI | $210,000 | — | — | — |
| 705 Sunnyside Drive, Cadillac, MI | $210,000 | 4 | 2 | 1,815 |
| 895 Meadowview Court, Cadillac City, MI | $214,900 | 2 | 2 | 1,320 |
| 895 Meadowview Court, Cadillac, MI | $214,900 | 2 | 2 | 1,320 |
| 206 Autumn Road, Cadillac, MI | $215,000 | 3 | 2 | 980 |
Moving Cost Estimate
EXIT Agents in Cadillac
Listing Courtesy: REO-Cadillac-233028 - Cell: 231-878-1476