SELLER IS MOTIVATED! Overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck provides year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season and tenants happy with their living arrangements. Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has been adapted to changing needs for nearly 140 years and is ready for the next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $110,000 per unit, opportunities like this are becoming increasingly difficult to find. The property is a bargain in current condition so bring me your offers! The neighboring property is available as well- 116 E State St combined these 2 properties present an opportunity that is hard to beat!
Courtesy: Cygnus Real Estate
Carole Higgins
SELLER IS MOTIVATED! Overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck provides year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season and tenants happy with their living arrangements. Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has been adapted to changing needs for nearly 140 years and is ready for the next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $110,000 per unit, opportunities like this are becoming increasingly difficult to find. The property is a bargain in current condition so bring me your offers! The neighboring property is available as well- 116 E State St combined these 2 properties present an opportunity that is hard to beat!
Fife Lake is located in Michigan. Fife Lake, Michigan has a population of 321. Fife Lake is less family-centric than the surrounding county with 17.78% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Fife Lake, Michigan is $60,625. The median household income for the surrounding county is $69,393 compared to the national median of $69,021. The median age of people living in Fife Lake is 50.5 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 10.9 degrees. The average rainfall is approximately 34.8 inches per year, with 94.1 inches of snow per year.
