For Sale
218 S Cottage, Cadillac, MI 49601
$575,000
MLS # 1947339 (Northern Great Lakes REALTORS® MLS)
Built 19000.14 acres
1 / 56
Listing Description
Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.
Source: SparkMLS
About this home
Currently offered at $575,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms0
Lot Size0.14 acres
Year Built1900
Location
CityCadillac
MunicipalityCadillac
Zip Code49601
CountyWexford
Construction & Systems
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/28/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Mike McGuire
Coldwell Banker Schmidt-Cadillac
Frequently Asked Questions about 218 S Cottage, Cadillac, MI 49601
Can I use FHA or VA financing for this property?
Per MLS# 1947339, this listing accepts Cash, Land Contract financing. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 218 S Cottage, Cadillac, MI 49601 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What utilities serve 218 S Cottage, Cadillac, MI 49601?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Cadillac police department or the Wexford County sheriff's office.
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Monthly payment$3,729
Principal & interest$3,729
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
218 S Cottage, Cadillac, MI 49601
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Municipality
Cadillac
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