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.
General Information
Price: $995,000
Price/SqFt:
Status:
MLS#: 201836501
City: gaylord
Post Office:
Schools: gaylord
County: Otsego
Subdivision: t30n r3w
Acres: 0
Lot Dim: 150x674x150x684
Bedrooms:
Bathrooms:
Property Type: Multi-Family
Style: Cottage
Features & Room Sizes
Exterior: Aluminum,Vinyl
Cooling: Central Air,Window A/C Heating: Forced Air,Natural Gas,Wood
Tax, Fees & Legal
Listing Courtesy of: Ryan Wojan of smith realty GROUP
