Discover a fantastic investment opportunity in the heart of downtown Cadillac! This multi-family home is a prime addition to your portfolio with its impressive rental history and ideal location. Extensively renovated over the years, this property boasts turn-key apartments requiring minimal upkeep, making it an easy and profitable investment. Perfect for both investors and homeowners, this property offers the unique opportunity to live in one unit while generating cash flow from the other. Its prime location offers great walkability to downtown Cadillac's vibrant business district and is just a short distance from the beautiful Lake Cadillac. Don't miss out on this chance to own a multi-family home in a thriving community, where convenience and income potential come together seamlessly. Schedule your showing today and step into a smart investment for your future! Lower unit has new lease in place through May 31, 2025,Rent is $850 + utilities -tenant pays electric -Heat, Water, Garbage is spit 70% lower 2bd unit and 30% for upper -Upper unit has a month to month tenant in place -Rent is $800/mo + utilities -tenant pays electric Tenant has given notice they are leaving on July 10, 2024
Sold for $135,000
$135,000
628 E Garfield St, Cadillac, MI 49601
--beds
--baths
1,671sqft
Multi Family
Built in 1915
-- sqft lot
$182,000 Zestimate®
$81/sqft
$1,421 Estimated rent
Home value
$182,000
$166,000 - $200,000
$1,421/mo
Zestimate® history
Owner options
List your home for rent
$1,421/mo
Rent Zestimate®
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$1,421/mo
Rent Zestimate®
Refinance and save
$917/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$917/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jaimie Fellows-Garno 231-920-6617,
City2Shore Real Estate Northern Michigan 231-839-0077
Bought with:
Michelle Maidens, 6506045786
REO-Cadillac-233028
Source: NGLRMLS,MLS#: 1923538
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Washer, Dryer
Features
- Entrance Foyer, Cable TV, High Speed Internet
- Basement: Partial,Interior Entry
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,671
- Total interior livable area: 1,671 sqft
Property
Parking
- Parking features: One Car, Attached
Accessibility
- Accessibility features: None
Features
- Patio & porch: Covered
- Exterior features: Sidewalk
- Waterfront features: None
Lot
- Size: 7,840 sqft
- Dimensions: 50 x 159
Details
- Additional structures: None
- Parcel number: 100570002000
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Cadillac
- Subdivision: J Cummer & Sons Addition
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $135K - $135K
- Listing terms: Conventional,Cash,FHA
- Ownership type: Private Owner
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $135,000-9.9%$81/sqft |
Source:  NGLRMLS #1923538 Report a problem | ||
| 8/8/2024 | Pending sale | $149,900$90/sqft |
Source: NGLRMLS #1923538 Report a problem | ||
| 6/28/2024 | Listed for sale | $149,900$90/sqft |
Source: NGLRMLS #1923538 Report a problem | ||
| 6/18/2024 | Pending sale | $149,900$90/sqft |
Source: NGLRMLS #1923538 Report a problem | ||
| 6/14/2024 | Listed for sale | $149,900+76.4%$90/sqft |
Source: NGLRMLS #1923538 Report a problem | ||
| 9/17/2020 | Sold | $85,000-5.5%$51/sqft |
Source: RE/MAX of Michigan Solds #1879329_49601 Report a problem | ||
| 9/4/2020 | Pending sale | $89,900$54/sqft |
Source: RE/MAX Central #1879329 Report a problem | ||
| 8/31/2020 | Listed for sale | $89,900$54/sqft |
Source: RE/MAX Central #1879329 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,326 -3.1% | $67,900 +10.2% |
| 2024 | $3,432 +4.2% | $61,600 +8.1% |
| 2023 | $3,292 +2.7% | $57,000 +9.8% |
| 2022 | $3,207 | $51,900 +3.8% |
| 2021 | -- | $50,000 +19% |
| 2020 | $1,569 | $42,000 +3.4% |
| 2019 | -- | $40,600 -2.4% |
| 2018 | -- | $41,600 +54.1% |
| 2017 | -- | $27,000 +3.8% |
| 2016 | -- | $26,000 +4.8% |
| 2015 | -- | $24,800 +13.2% |
| 2013 | -- | $21,900 -5.2% |
| 2012 | -- | $23,100 |
| 2011 | -- | $23,100 -30% |
| 2010 | -- | $33,000 |
Find assessor info on the county website
Neighborhood: 49601
Nearby schools
GreatSchools rating
- 8/10Franklin Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Mackinaw Trail Middle SchoolGrades: 6-8Distance: 2.8 mi
- 6/10Cadillac Senior High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Cadillac Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Wexford County
- Cadillac
- 49601
- 628 E Garfield St
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