MI > Otsego > Gaylord > 3551 W Otsego Lake Drive

$1,200,000

Calculate Payment

  • 4 Units
  • MLS# 201825733
  • Photos
  • Map
  • Satellite
Real Estate One of Alpena, Houghton, and Higgins Lake

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.
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.

Property Information

Status
Active 
Address
3551 W Otsego Lake Drive 
City
Gaylord 
Zip
49735 
Style
Cottage 
Possession
at closing 
Subdivision
T30N R3W 
County
Otsego 
Body of Water
Otsego Lake 
Total No of Units

School Information

School District
Gaylord 

Taxes

Taxes
$5,772 

Rooms and Land

Unit1
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 819
Unit2
Bedrooms: 1 Bathrooms: 1.00 Finished SqFt: 400
Unit3
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 672
Unit4
Bedrooms: 2 Bathrooms: 1.00 Finished SqFt: 672
Lot Dimensions
150x674x150x684 

Features

Style
Cottage 
Exterior Features
Aluminum, Vinyl 
Garage
2.0 
Basement
Crawl Space 
Appliances
Dishwasher, Electric Range, GasRange/Oven, Microwave, Refrigerator 
Cooling
Central Air, Window A/C 
Heating
Forced Air, Natural Gas, Wood 

Mortgage Calculator

years
annual
annual

Get Pre-Approved

  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201825744 Jun 26 2024 5:20PM $1,200,000 $1,300,000 343
201825733 Jun 25 2024 11:03AM $1,200,000 $1,300,000 343
201825744 Active Aug 11 2023 10:20AM $1,300,000 343
201825733 Active Aug 10 2023 2:50PM $1,300,000 343
School Information
Local Business

Learn More About This Listing

Real Estate One of Alpena, Houghton, and Higgins Lake

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIWWLX Logo

Listing Courtesy of Smith Realty Group
Office Address 1349 S. Otsego Ave. P.o. Box 309

3551 W Otsego Lake Drive Gaylord
Contact us
$1,200,000
For Sale • No. of Units: 4