2862 Arlene, Indian River, MI

Others for Sale - $899,900 - 1.21 acres


Agent Info

Terri Vizina
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1171262
Location
  2862 Arlene
  Indian River MI 49749
UpdatedJuly 31st, 2025
TypeOthers
Price$899,900
Land1.21 acres

Property Description

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.


Financials


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