3551 W Otsego Lake Drive, Gaylord, Michigan, United States

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Home For Sale

$1,200,000

3551 W Otsego Lake Drive
Gaylord, Michigan, United States

7bd 4ba 3,169 sqft

Listed By: The Real Estate Book

Listed On: 09/05/2024

Listing ID: GL11177619 View More Details

Description

Possibilities abound 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.