2862 Arlene, Indian River, MI 49749

$950,000

bedrooms

bathrooms

square feet

Acreage

0.0

Open Houses

year built

Full Baths

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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.

Location
Subdivision	T35nr2w
County	Cheboygan
Elementary School	Inland Lakes
Middle School	-
High School	Inland Lakes

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Open houses

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MLS number: 201833217

Listing agent: Terri A. Vizina

Listing broker: Coldwell Banker Schmidt Indian River

Copyright © 2025 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, April 7 2025 at 4:10 p.m. EDT

Kotohomes National