3551 W Otsego Lake DR Drive, Gaylord, MI 49735
3551 W Otsego Lake DR Drive, Gaylord, MI 49735
3551 W Otsego Lake DR Drive, Gaylord, MI 49735
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Listed by Ryan Wojan • smith realty GROUP
$895,000
Est. payment /mo
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3,169 SqFt
Active

3551 W Otsego Lake DR Drive Gaylord, MI 49735

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,169 sqft

Price per Sqft $282

Subdivision T30N R3W

MLS Listing ID 201839826

Style Cottage

Lot Dimensions 104544.0

Property Sub-Type Quadruplex

Source Water Wonderland Board of REALTORS®

Property Description

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.

Location

State MI

County Otsego

Community T30N R3W

Area T30N R3W

Zoning RR

Direction From Gaylord, S Otsego Ave, RIGHT on McCoy Rd, LEFT on Dickerson Rd, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.

Rooms

Basement Crawl Space

Interior

Interior Features Cable, Ceiling Fans, Doorwall, Hardwood Floors, Vaulted Ceilings

Heating Forced Air

Cooling Window AC

Appliance Refrigerator

Laundry None

Exterior

Porch Porch Open

Building

Sewer Shared Septic

Structure Type Metal Siding,Vinyl

Schools

Elementary Schools Gaylord

High Schools Gaylord

Others

Tax ID 010-020-400-100-00

Acceptable Financing Cash, Conventional Mort

Listing Terms Cash, Conventional Mort


NEARBY SCHOOL & BUSINESS

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Jessica Pacheco

Jessica Pacheco

Agent | License ID: 6501429867

+1(810) 515-0032

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3551 W Otsego Lake DR Drive