Calling all investors! 3-Unit Multi-Family property in downtown Gaylord. Great potential and location.
Exceptional investment opportunity just steps from Wah Wah Soo Beach and Otsego Lake! This property features two homes on one parcel. One unit offers 2 bedrooms, 1 bath, and a 2-car attached garage, while the second offers 3 bedrooms and 1 bath. Enjoy access to a non-conforming dock on Otsego Lake at the end of the street. Located near the Iron Belle Trail and Trail 7 snowmobile route, providing year-round recreation. No known short-term rental restrictions make this an excellent opportunity for vacation rentals, long-term income, or multi-generational living. Shared well, separate septic systems. Minutes from downtown Gaylord, golf, skiing, shopping, and dining. Rare Northern Michigan investment opportunity just steps from Wah Wah Soo Beach and beautiful Otsego Lake! Situated on a single parcel, this unique property features two separate residential units, offering incredible flexibility for investors, vacation homeowners, multi-generational living, employee housing, or anyone seeking a property with exceptional income-producing potential. The first residence features 2 bedrooms, 1 bath, and a desirable 2-car attached garage. The second residence offers 3 bedrooms and 1 bath, providing additional living space for tenants, guests, or extended family. Whether you choose to occupy one unit and rent the other, lease both for long-term income, or capitalize on the area's strong vacation rental demand, the possibilities are extensive. Location is the true highlight. Wah Wah Soo Beach, one of Otsego Lake's most popular public access points, is literally just steps away, providing easy access to swimming, boating, fishing, paddleboarding, kayaking, and endless summer enjoyment on one of Northern Michigan's premier all-sports lakes. At the end of the street, owners also enjoy access to a non-conforming dock on Otsego Lake, creating even more opportunities to enjoy the waterfront lifestyle. Outdoor enthusiasts will appreciate the property's proximity to both the Iron Belle Trail and Trail 7. The Iron Belle Trail is Michigan's premier hiking and biking trail network, stretching across the state and offering miles of scenic recreation. Trail 7 serves as one of the region's primary snowmobile corridors, connecting riders to Northern Michigan's extensive trail system and making this a true four-season destination. Adding to the appeal, there are no known short-term rental restrictions, making this property particularly attractive for investors seeking vacation rental income. Combined with Gaylord's thriving tourism industry, abundant golf courses, nearby ski resorts, lakes, trails, and year-round recreational opportunities, the income potential is substantial. Both residences are serviced by a shared well, while each maintains its own septic system. Conveniently located just minutes from downtown Gaylord's shopping, restaurants, entertainment, schools, and healthcare facilities, this property offers the perfect balance of recreation, convenience, and investment potential. Two homes. One parcel. Beach access, lake access, trail access, and unlimited possibilities.
Gaylord is located in Michigan. Gaylord, Michigan has a population of 4,204. Gaylord is less family-centric than the surrounding county with 20.66% of the households containing married families with children. The county average for households married with children is 24.43%.
The median household income in Gaylord, Michigan is $33,952. The median household income for the surrounding county is $59,330 compared to the national median of $69,021. The median age of people living in Gaylord is 41.2 years.
The average high temperature in July is 77.3 degrees, with an average low temperature in January of 9.9 degrees. The average rainfall is approximately 34.5 inches per year, with 135.6 inches of snow per year.
