3551 W Otsego Lake Drive, Gaylord, MI

$1,300,000

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About 3551 W Otsego Lake Drive

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.

Features of 3551 W Otsego Lake Drive

MLS® # 201825733
Price $1,300,000
Type Multi-Family
Sub-Type Other
Status Active
Lake Otsego Lake

Community Information

Address 3551 W Otsego Lake Drive
Subdivision T30N R3W
City Gaylord
County Otsego
State MI
Zip Code 49735

Amenities

Garages Detached/UN

Exterior

Lot Description 150x674x150x684

School Information

District Gaylord

Additional Information

Zoning RR

Listing Details

Officesmith realty GROUP

Listing Map

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