Excellent opportunity to own an updated triplex just two blocks from downtown Cheboygan. Two units are currently occupied, while the third unit is vacant and move-in ready following an extensive 2025 renovation. The vacant unit provides flexibility for either an investor or an owner-occupant. Supporting property documentation, including the rent roll and profit-and-loss statements, is available upon request. The property consists of two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Apartment 2 was extensively renovated in 2025 with new LVP flooring, kitchen cabinets, appliances, bathroom, fixtures, paint, and windows, along with a laundry hookup. Apartments 1 and 3 have also been updated with LVP flooring and fresh paint, and both include in-unit washers and dryers. Additional improvements include a newer roof and new front and side porches. Apartments 1 and 2 share a new deck/porch, while Apartment 3 features a large rear deck and its own yard space. Three off-street parking spaces provide convenient parking. Electric is separately metered for each apartment, while gas and water/sewer are centrally provided. Heating is provided by a forced-air furnace. Situated on a quiet residential street with downtown shops, restaurants, and amenities just a short walk away, 321 Dresser St. combines recent improvements, flexible occupancy options, and a convenient location.
Cheboygan is located in Michigan. Cheboygan, Michigan has a population of 4,797. Cheboygan is more family-centric than the surrounding county with 31.14% of the households containing married families with children. The county average for households married with children is 23.09%.
The median household income in Cheboygan, Michigan is $38,750. The median household income for the surrounding county is $53,482 compared to the national median of $69,021. The median age of people living in Cheboygan is 41 years.
The average high temperature in July is 78.1 degrees, with an average low temperature in January of 8.5 degrees. The average rainfall is approximately 31.1 inches per year, with 93.8 inches of snow per year.
