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.
For sale
$1,200,000
3551 W Otsego Lake Dr, Gaylord, MI 49735
7beds
3,169sqft
Est.:
Single Family Residence, Residential Water
Built in ----
2.4 Acres Lot
$557,700 Zestimate®
$379/sqft
$-- HOA
What's special
- 254 days
- on Zillow |
- 652 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2024 at 01:59am
Listed by:
Ryan Wojan 312-545-8596,
smith realty GROUP 989-732-2477,
Michael Rosen 989-370-6785,
smith realty GROUP
Source: WWMLS,MLS#: 201831189

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Bedroom
- Level: First
- Area: 49
- Dimensions: 8.17 x 6
Bedroom 1
- Area: 89.91
- Dimensions: 10.08 x 8.92
Bedroom 2
- Level: First
- Area: 89.91
- Dimensions: 10.08 x 8.92
Bedroom 3
- Level: First
- Area: 118.44
- Dimensions: 13.67 x 8.67
Bedroom 4
- Area: 111.58
- Dimensions: 13 x 8.58
Bathroom 1
- Features: Full
- Level: First
- Area: 44.58
- Dimensions: 8.92 x 5
Bathroom 2
- Features: Full
- Level: First
- Area: 44.58
- Dimensions: 8.92 x 5
Bathroom 3
- Features: Full
- Level: First
- Area: 66.08
- Dimensions: 13 x 5.08
Bathroom 4
- Features: Full
- Level: First
- Area: 35
- Dimensions: 5 x 7
Dining room
- Level: First
Kitchen
- Level: First
- Area: 140.02
- Dimensions: 11.75 x 11.92
Living room
- Level: First
- Area: 238.84
- Dimensions: 17.58 x 13.58
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Gas
Appliances
- Included: Dishwasher, Microwave, Range/Oven, Refrigerator
- Laundry: None
Features
- Vaulted Ceiling(s)
- Flooring: Hardwood, Laminate
- Doors: Doorwall
- Basement: Crawl Space
Interior area
- Total structure area: 3,169
- Total interior livable area: 3,169 sqft
- Finished area above ground: 3,169
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Garage Size(20x20)
Features
- Patio & porch: Deck
- Exterior features: Sprinkler System
- Waterfront features: Waterfront, All-Sport
- Body of water: Otsego Lake
- Frontage length: 100'
Lot
- Size: 2.4 Acres
- Dimensions: 2.4 acres
Details
- Additional structures: Shed(s)
- Parcel number: 01002040010000
- Zoning: RR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence, Residential Water
Materials
- Frame, Vinyl Siding
Condition
- 6-10 Years Approx
- New construction: No
Utilities & green energy
- Sewer: Septic Tank, Sewer: Age(2015)
- Water: Well, Water: Size(5'')
- Utilities for property: Cable Connected, Cable Internet Access
Community & HOA
Community
- Subdivision: T30N R3W
Location
- Region: Gaylord
Financial & listing details
- Price per square foot: $379/sqft
- Tax assessed value: $686,800
- Annual tax amount: $6,046
- Date on market: 8/15/2024
- Listing terms: Cash,Conventional Mortgage
- Ownership: Owner
- Road surface type: Paved
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