337 N Bailey St, Cheboygan, MI 49721

> Potential Investment Opportunity < Mid Twentieth-Century Cape Cod style home on .14 acres in beautiful downtown Cheboygan. Three Thirty-Seven North Bailey Street was a summer place built for the spouse of a Great Lakes ship's Captain. The construction is beautifully detailed, and the care is evident. The hand-set fieldstone basement is deep, warm and dry, owing to an elevated foundation and substantial construction. Featuring a functioning quarter bath and laundry hook-ups w/room for bedrooms or workspace. The Main Floor is just a little larger than the basement at about 880 sq. ft. and features a sunny great room with fireplace, two bedrooms and a period tiled full bath. Coved ceilings and the original hardwood floors throughout the building. The period plank front door offers a leaded-glass lite with a teeny section of clear glass for a peephole in the tiled foyer. The original kitchen has a charming breakfast nook, looking out on the back yard. A small remodel of the pocket door enclosure in the kitchen would restore the flow and functionality to the original plan from the two-unit remodel. The bedrooms can all then converge on the kitchen for a family breakfast. The spacious second floor was converted to a 2/1 apartment of about 600 square feet some time ago with a paneled apartment kitchen/living/dining area, 2 bedrooms and full period tile bath. There's a wide hallway with numerous storage areas and closets, and generous open staircase that opens onto the back door. This solid home could easily convert to a generous 5/2 without incorporating the basement, or you could rent out the upstairs and let your tenant pay the bigger half of the mortgage, or even add bedrooms and a bath in the basement. It's a surprisingly roomy and flexible home. The property also features two, single-vehicle "plus-size" garages, One with alley access, the other at the end of the driveway with passage into the kitchen. You’d have flexibility to offer tenant vehicle parking, or storage or a workshop space for remodeling the home with care by yourself or with contractor. The roomy back yard has a 6' wooden fence for a safe and private place for your kids or pets or just recreation and a picnic spot. Not too much lawn to mow, but enough for a garden and barbecue. This warm and solid home is convenient to downtown. Two blocks to the library, 3 blocks to downtown stores and the Festival Square Farmer's Market and the North Central Bicycle Trail, and 4 blocks to the riverfront and the Riverfront Park entrance just a little further on. Restaurants within walking distance. Walmart is 1.7 miles, Hospital is 1.3, Mackinaw City is 16 miles. Dairy Queen is 3.5 Blocks away. (Just sayin'!) A round trip will zero-out a single scoop. Sprinkles are always extra. This would be a wonderful home anybody, a larger family or even a B&B. All in all, about 2500 square feet including the basement and probably another 500 or so in the garage spaces. Plenty of room to grow into and constructed better than anything built today. If you're googling, use the search term [1930's kitchen retro renovation] on Pinterest or Houzz to see the enormous value here in plain sight. Preserve the love - don’t throw it away. Call to schedule a tour and let this house speak to you. 231-445-0064 Work with the seller and a title company to transfer ownership. Easy process. Have your lawyer review the transfer documents. Title Transfer fees split with owner - only a few hundred dollars and NO COMMISSIONS. (Rent to Own is not an option.)