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3551 W Otsego Lake Dr, Gaylord, MI, 49735

7beds
4baths
3,169sqft
$895,000
$282price/sqft
$6,517/moest. monthly cost
$260,680/yrincome needed

About This Home

Endless possibilities 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. Schedule showings through MLS# 201839826.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
6/10
Gaylord Middle SchoolGrades 7-83.2 mi
7/10

Construction

Materials

  • Foundation: Crawl

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven,Refrigerator,Microwave,Dishwasher
  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Vaulted Ceiling(s)
  • Door features: Doorwall
  • Flooring: Laminate
  • Finished area above ground: 3,169

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 3,169
  • Total interior livable area: 3,169 sqft

Property

Details

  • Parcel number: 01002040010000
  • Zoning: RR

Features

  • Patio & porch: Deck
  • Exterior features: Sprinkler System
  • On waterfront: Yes
  • Waterbody name: Otsego Lake
  • Frontage type: All-Sport

Lot

  • Lot size: 2.40 Acres
  • Lot size dimensions: 2.4 acres

Parking

  • Parking features: Garage
  • Has garage: Yes