Under Contract
566 E Main Street, Vanderbilt, MI 49795
$280,000
MLS # 201839170
1 / 35
Listing Description
Great investment opportunity in the heart of downtown Vanderbilt! This multi-unit property features three established rental units with a fourth unit ready to be finished--offering immediate income with added value potential. The building includes a spacious 3 bed/2 bath unit, a 2 bed/1 bath unit, and a 1 bed/1 bath unit, all currently rented. The fourth unit is framed and ready for completion, with flexibility to design as a 2 or 3 bedroom, 1 bath layout. Situated on a generous lot with ample parking, this property is within walking distance to everything in the village and offers quick access to I-75--making it attractive to both tenants and commuters. This property delivers location, income, and opportunity.
Source: SparkMLS
About this home
Listed at $280,000.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms0
Location
CityVanderbilt
MunicipalityVanderBilt
Zip Code49795
CountyOtsego
Sale & Financing
Listed3/29/2026
Source: SparkMLS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by TEAM SHERI
COLDWELL BANKER SCHMIDT GAYLORD
Frequently Asked Questions about 566 E Main Street, Vanderbilt, MI 49795
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 566 E Main Street, Vanderbilt, MI 49795 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 566 E Main Street, Vanderbilt, MI 49795?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: DTE Gas Company. 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 VanderBilt police department or the Otsego County sheriff's office.
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Monthly payment$1,816
Principal & interest$1,816
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
566 E Main Street, Vanderbilt, MI 49795
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Municipality
Vanderbilt Village
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