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For sale
  • $950,000

    2862 Arlene Ave, Indian River, MI 49749

    14beds
    8baths
    4,360sqft
    : 
    Multi Family, Apartments
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $218/sqft
    $-- HOA

    What's special

    Spacious backyardOpen floor plan
    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.
    87 days
    on Zillow
    |
    397
    |
    12
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    Zillow last checked: 7 hours ago

    Listing updated: February 03, 2025 at 12:35am

    Listed by:

    Terri A. Vizina 231-499-8931,

    COLDWELL BANKER SCHMIDT INDIAN RIVER 231-238-9336,

    Billy Andrew 231-420-9231,

    COLDWELL BANKER SCHMIDT INDIAN RIVER

    Source: WWMLS,MLS#: 201833217MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2862 Arlene Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 8
    Heating
    • Baseboard, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Electric Range, Refrigerator, Gas Water Heater
    • Laundry: None
    Features
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 4,360 sqft

    Property

    Parking
    • Parking features: Unit 1(Drive), Unit 2(Drive), Unit 3(Drive), Unit 4(Drive), Unit 6(Drive), Unit 7(Drive), Unit 8(Drive)
    • Has uncovered spaces: Yes
    Features
    • Entry location: Unit 1(Main Level),Unit 2(Main Level),Unit 3(Main Level),Unit 5(Main Level)
    Lot
    • Size: 1.21 Acres
    • Dimensions: 1.21 acres
    Details
    • Parcel number: 16101830001000
    • Zoning: commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family, Apartments
    Materials
    • Frame, Vinyl Siding

    Utilities & green energy

    • Electric: Separate
    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: T35NR2W
    Location
    • Region: Indian River

    Financial & listing details

    • Price per square foot: $218/sqft
    • Date on market: 1/29/2025
    • Listing terms: Cash,See Remarks
    • Ownership: Owner
    • Lease term: Unit 1(Month To Month),Unit 2(Month To Month)
    • Total actual rent: 1300
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