Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.
Price 1,300,000
Units: 4
Exterior: Aluminum,Vinyl
Basement: Crawl Space
Type: Other
School: Gaylord
Business/Income: Business Opportunity,Income Property,Other
Construction: Frame
Lot Size: 150x674x150x684
Exterior Features:
Lawn Trees
Appliances:
Dishwasher Electric Range GasRange/Oven Microwave Refrigerator
Listing Provided Courtesy of:
smith realty GROUP 1349 S. Otsego Ave., P.O. Box 309, Gaylord, MI 49734
Copyright � 2013 Water Wonderland Board of Realtors (WWBR)
Listing provided by Water Wonderland Board of Realtors (WWBR),
database last updated Saturday May 04, 2024
Direct Link: https://wwlx.net/2013/LakeShoreRealty/multifamily/index.php?view=201825733
