3551 W Otsego Lake DR Drive Active Save Request In-Person Tour Request Virtual Tour
Gaylord,MI 49735
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision T30N R3W
MLS Listing ID 201836501
Style Cottage
Property Sub-Type Quadruplex
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
Community T30N R3W
Area T30N R3W
Zoning RR
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type Wood Stove
Laundry None
Building
Sewer Septic
Structure Type Aluminum,Vinyl,Other
Schools
Elementary Schools Gaylord
High Schools Gaylord
Others
Acceptable Financing Cash,Conventional Mort
Listing Terms Cash,Conventional Mort