Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love -- this is a smart addition to any portfolio.Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Bear Lake is located in Michigan. Bear Lake, Michigan has a population of 260. Bear Lake is less family-centric than the surrounding county with 21.43% of the households containing married families with children. The county average for households married with children is 22.77%.
The median household income in Bear Lake, Michigan is $44,063. The median household income for the surrounding county is $54,428 compared to the national median of $69,021. The median age of people living in Bear Lake is 41.6 years.
The average high temperature in July is 80.3 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 35.6 inches per year, with 111.7 inches of snow per year.
