3551 W Otsego Lake Drive Gaylord, MI 49735

Active

$1,200,000

BED

BATH

3,169

SQFT

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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.

MLS #:
201831189

Taxes
$6,046(2023)

Lot Size
2.4 acres

Type
Single-Family Home

Style
Cabin

School District
Gaylord

County
Otsego County

Listed By

Ryan Wojan, Smith Realty Group

Source
WATER WONDERLAND
Last checked Dec 22 2024 at 4:36 AM GMT+0000

Bathroom Details

Full Bathrooms: 4

Interior Features

Wood Laminate -
Vaulted Ceilings
Hardwood Floors
Doorwall

Subdivision

Bagley

Property Features

Cabin
Foundation: Crawl

Heating and Cooling

Natural Gas
Forced Air
Central Air

School Information

Elementary School: Gaylord
High School: Gaylord

Garage

Detached/Un

Living Area

3,169 sqft

Location

Map View | Street View

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Disclaimer: Copyright 2024 Water Wonderland Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/21/24 20:36

Coldwell Banker^® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Schmidt Real Estate, LLC fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with, or related to Coldwell Banker Real Estate LLC or any of its affiliated companies. All information, including concessions for agent commissions, are presented as an invitation to submit an offer only, and must be included in the purchase agreement.