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® # | 201825744 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,169 |
| Acres | 2.40 |
| Type | Residential |
| Sub-Type | Residential Water |
| Style | Cabin |
| 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
| # of Garages | 2 |
|---|---|
| Garages | Detached/UN |
| Is Waterfront | Yes |
| Waterfront | Yes |
| Has Pool | No |
Interior
| Interior Features | Vaulted Ceilings, Wood Laminate, Doorwall |
|---|---|
| Appliances | Microwave, Range/Oven, Refrigerator, Dishwasher |
| Heating | Forced Air, Natural Gas, Central Air |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Vinyl |
|---|---|
| Exterior Features | Cable TV, Shed, Deck, Sprinkler System |
| Lot Description | 2.4 acres |
| Construction | Frame |
| Foundation | Crawl |
School Information
| District | Gaylord |
|---|
Additional Information
| Zoning | RR |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | smith realty GROUP |
|---|