2862 Arlene, Indian River MI 49749

$950,000

2862 Arlene, Indian River, MI 49749

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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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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: Wednesday, January 29 2025 at 7:38 p.m. EST

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