Investment Opportunity! 19 units (with a possibility of 2 more) located on Old 27 South Highway, 9 miles south of Gaylord and 1.5 miles north of Waters. Most units are efficiency units and there is a one-bedroom unit. large conference room and large kitchen off of the conference room. 2 pole barns and one that is heated with 3 bays. Furnishings provided to tenants include a 2 burner hot plate, microwave and a refrigerator for each unit. Some units have tables, dressers, and corner cabinets.
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.
This complex has three different homes that can be a tremendous revenue generator OR a an up north family compound for extended friends and family. This property sits directly across from the famed Wah-Wah-Soo park on Otsego Lake. Great access to the lake, great views of the lake from the property. The main home is a large xxx sq. ft. home with dining room, large living room, newer plumbing and windows along with natural gas and spectacular views of the lake. All units are metered separately. Property is currently being used as long-term rental's but the possibilities are endless!
These three homes sit right across from Otsego Lake and the walking trail. This complex has three different homes that can be a tremendous revenue generator OR an up north family compound for extended friends and family. The main home is a large 3-bedroom 1,054 sq. ft. home with two living spaces for extra room or a roommate type set-up. One of the two smaller homes have been completely renovated recently. All units are metered separately. Property is currently being used as long-term rental's but can easily be changed to your family's get away or a vacation rental property to cash in on this great property in an excellent location.
Investment Opportunity! 18 units located on Old 27 South Highway, 9 miles south of Gaylord and 1.5 miles north of Waters. Most units are efficiency units and there is a one-bedroom unit. large conference room and large kitchen off of the conference room. 2 pole barns and one that is heated with 3 bays. Furnishings provided to tenants include a 2 burner hot plate, microwave and a refrigerator for each unit. Some units have tables, dressers, and corner cabinets.
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.
