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About This Home
This 7-bedroom, 4-bathroom residential multi family at 3551 W Otsego Lake Drive in Gaylord, MI is listed for $895,000 ($282 per sqft). the home offers 3,169 sqft of living space on a N/A lot.
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.
Key Features
- Waterfront
Property Details
Amenities
Monthly Cost Estimate
$4,787/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3551 W Otsego Lake Drive
Gaylord, MI 49735
T30N R3W
Features & Amenities
Interior Features
Property Details
Construction
Heating
Appliances
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 3551 W Otsego Lake Drive is listed at $895,000 ($282/sqft). The estimated monthly payment is $3,878 based on 20% down at 6.5% interest.
Key features include: Waterfront. Interior Features: Cable, Ceiling Fans, Doorwall.
This property is listed by Ryan Wojan and can be reached at 3125458596 or ryan@smithrealtygaylord.com.
