Multi Family Investment Properties for Sale in Houghton Lake, MI
1537- 4 Bed
- 3 Bath
- 1956 sft
147- 3 Bed
- 2 Bath
- - sft
131- 3 Bed
- 1 Bath
- 1000 sft
145- 2 Bed
- 1 Bath
- 720 sft
128- 3 Bed
- 1 Bath
- 1485 sft
141- 2 Bed
- 1 Bath
- 1080 sft
389- 6 Bed
- 1 Bath
- 2350 sft
- 3 Bed
- 2 Bath
- 1244 sft
129- 2 Bed
- 1 Bath
- 1320 sft
-- 3 Bed
- 2 Bath
- 1152 sft
140- 2 Bed
- 1 Bath
- 804 sft
141- 3 Bed
- 1 Bath
- 1208 sft
91- 2 Bed
- 1 Bath
- 778 sft
134- - Bed
- - Bath
- - sft
- 1 Bed
- 1 Bath
- 793 sft
326- 2 Bed
- 2 Bath
- - sft
130- 2 Bed
- 1 Bath
- 696 sft
117- 3 Bed
- 1 Bath
- 960 sft
- 1 Bed
- 1 Bath
- 596 sft
144- 2 Bed
- 1 Bath
- 874 sft
123- 2 Bed
- 2 Bath
- 969 sft
135- 2 Bed
- 1 Bath
- 1031 sft
98- 2 Bed
- 1 Bath
- 1040 sft
122- - Bed
- - Bath
- 1296 sft
139- 3 Bed
- 1 Bath
- 929 sft
100- 2 Bed
- 1 Bath
- 780 sft
Why Invest in Houghton Lake, Michigan?
Investing in multi-family properties in Houghton Lake, MI offers a strategic opportunity to tap into a growing rental market. This area benefits from a solid rental yield of approximately 8%, with an average ROI of 7%, making it attractive for cash flow-focused investors. The cap rate for multi-family units stands near 6.5%, coupled with average cash flow figures around $1,100 per unit monthly. Average rents have steadily appreciated by about 3% annually, supported by a renter-occupied rate of 65%. These factors combine to create a viable real estate investment landscape in this Michigan lake region.
Frequently Asked Questions
The average ROI for multi-family properties in Houghton Lake is around 7%, reflecting steady rental demand and moderate property appreciation.
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