Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages fully occupied with long term tenants, but month to month leases offer the opportunity to do short term rentals. 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.
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.
