Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Fairbairn Realty Inc.
Property view

463 W State Street, 
Cheboygan, MI 49721

$129,900

Last List Price

Bed


Bath


1,254

Sq Ft


Multi-Family

Sold

Listed by

Billy Jewell

Berkshire Hathaway Homeservices-Cheboygan

231-627-7186

MLS#

201832732

Source:

MI WWBR

Sorry, we are unable to map this address

About This Home

463 W State Street

Here's your chance to own a prime investment property in the heart of downtown Cheboygan. This property features three one-bedroom units, offering excellent rental potential. While some updates are needed, the current owner has had no trouble keeping the units rented, highlighting strong demand in the area. The property has a new boiler and an updated electric panel, adding to its appeal. Located just a short walk from Main Street, this property offers easy access to local shops and dining. Enjoy the beautiful Cheboygan River, City Beach, and the popular bike/snowmobile trail, all just steps away. With its ideal location and potential for upgrades, this property is a great investment opportunity in a sought-after area. Seller is licensed Realtor in the state of Michigan.

Home Facts

Multi-Family

Price Summary

129,900

$103 per Sq. Ft.

MLS #:

201832732

Sold:

June 20, 2025


Rooms & Interior

Interior

Living Area:

1,254 Sq. Ft.


Structure

Structure

Building Area:

1,254 Sq. Ft.


Finances & Disclosures

Finances

Price:

$129,900

Price per Sq. Ft:

$103 per Sq. Ft.

Source:MI WWBR
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Water Wonderland Board of REALTORS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © 2025 All rights reserved