3551 W Otsego Lake DR Active Save Request In-Person Tour Request Virtual Tour
Gaylord,MI 49735
Key Details
Property Type Single Family Home
Sub Type Residential Water
Listing Status Active
Purchase Type For Sale
Square Footage 3,169 sqft
Price per Sqft $378
Subdivision T30N R3W
MLS Listing ID 201831189
Style Cabin
Bedrooms 7
Full Baths 4
Tax Year 2023
Property Sub-Type Residential Water
Property Description
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.
Location
State MI
County Otsego
Interior
Heating Central Air,Forced Air,Natural Gas
Exterior
Exterior Feature Cable TV,Deck,Shed,Sprinkler System
Parking Features Detached/UN
Garage Spaces 2.0
Garage Description 20x20
Building
Sewer Septic
Water Well
Structure Type Vinyl
Schools
Elementary Schools Gaylord
High Schools Gaylord
School District Gaylord
Others
Acceptable Financing Cash,Conventional Mortgage
Listing Terms Cash,Conventional Mortgage