3247 Club Road, Indian River, MI 49749 (MLS# 201829578)
3247 Club Road, Indian River, MI 49749
$2,500,000
Property Type:
MultiFamily
Square Footage:
5,418
Status:
Active
Current Price:
$2,500,000
List Date:
5/21/2024
Last Modified:
5/21/2024
Description
A Historic Waterfront River Resort located on the Indian River, Fay Martin Resort! Seven quaint cottages recently remodeled, quality furnishings, boat slips, and including pontoon rentals. This is the best place for Northern Michigan summers. Located on the famed Inland Waterway in Indian River, between Burt Lake and Mullett Lake with access to Great Lakes through the Waterway there is endless boating from this location. Operating primarily as a weekly rental summer resort with many income opportunities available from this location and in current operation. Walking distance from downtown Indian River. These do not come available often, 1922, Floyd A. Martin and his wife Fay, opened Martin's Cottages and Fay Martin continued to run the resort until 1999. Now Available www.faymartin.com
More Information MLS# 201829578
Contract Information
Current Price: $2,500,000
Begin Date: 2024-05-20
List Price: $2,500,000
Status: Active
Property Information
Type: Other
Realtor.com Type: Multi-Family
Lake/Rvr/Creek/Strm: Indian River
Frontage Amount: 232'
Lot Size Dimensions: 2.18 Acres
Year Built: 1922
Total Bldg SqFt.: 5418
Garage Y/N: 1
Garage Stall: 2
Garage Type: Attached/HTD
# Units: 7
Location, Tax and Legal
County: Cheboygan
St. #: 3247
Street Name: Club
Street Suffix: Road
State: MI
Zip Code: 49749
Ownership Status: Corporation
Township/City/Village: Tuscarora
Subdivision or T/R: Village of Indian River
Directions and Remarks
Directions: North of Indian River to Fay Martin Cottages. Take Straits Hwy to Hemlock to Club Rd. Sign 100 yards North of Indian River Bridge on the rails to trails.
Internet Access: T1 Fiber Optic
Unit 1
U1 # Bedrooms: 1
U1 Baths: 1
U1 Approx Sq Ft: 484
U1 Present Rent: 1200
U1 Car Storage: None
U1 # Spaces: 1
U1 Unit Location: M
U1 OCC: Yes
U1 Furnished: Yes
U1 Type of Lease: M
Lease End Date: 2024-10-01
Unit 2
U2 # Bedrooms: 2
U2 Baths: 1
U2 Approx Sq Ft: 622
U2 Present Rent: 1400
U2 Car Storage: None
U2 # Spaces: 1
U2 Unit Location: M
U2 OCC: Yes
U2 Furnished: Yes
U2 Type Of Lease: M
Lease End Date: 2024-10-01
Unit 3
U3 # Bedrooms: 3
U3 Baths: 1
U3 Approx Sq Ft: 814
U3 Present Rent: 1900
U3 Car Storage: None
U3 # Spaces: 1
U3 Unit Location: M
U3 OCC: No
U3 Furnished: Yes
U3 Type Of Lease: M
Lease End Date: 2024-10-01
Unit 4
U4 # Bedrooms: 1
U4 Baths: 1
U4 Approx Sq Ft: 484
U4 Present Rent: 1200
U4 Car Storage: None
U4 # Spaces: 1
U4 Unit Location: M
U4 OCC: Yes
U4 Furnished: Yes
U4 Type Of Lease: M
Lease End Date: 2024-10-01
Unit 5
U5 # Bedrooms: 4
U5 Baths: 2
U5 Approx Sq Ft: 1280
U5 Present Rent: 2500
U5 # Spaces: 1
U5 Unit Location: M
U5 OCC: Yes
U5 Furnished: Yes
U5 Type Of Lease: M
Lease End Date: 2024-10-01
Unit 6
U6 # Bedrooms: 2
U6 Baths: 1
U6 Approx Sq Ft: 624
U6 Present Rent: 1400
U6 Car Storage: Drive
U6 Unit Location: M
U6 OCC: Yes
U6 Furnished: Yes
U6 Type Of Lease: M
Lease End Date: 2024-10-01
Unit 7
U7 # Bedrooms: 3
U7 Baths: 2
U7 Approx Sq Ft: 1110
U7 Present Rent: 2300
U7 Car Storage: Garage
U7 Unit Location: U
U7 OCC: No
U7 Furnished: Yes
U7 Type Of Lease: M
Lease End Date: 2024-10-01
Schools
Elementary School: Inland Lakes
High School: Inland Lakes
Taxes and Possession
Possession: At closing
Association Dues: No
Documents/Disclosure
FurnFixtureEquipList: Yes
Rental History: Yes
Property Features
Style: Cottage; Ranch; Two Story; Victorian
Construction: Frame
Exterior: Vinyl
Patio/Deck: Open Deck; Porch Covered
Interior: Carpet; Ceiling Fans; Hardwood Floors; Tile Floors; Vinyl Floors; Wet Bar
Appliances: Dishwasher; Dryer; GasRange/Oven; Refrigerator; Washer
Fireplace: Fireplace; Wood Stove
Heating: Baseboard; Forced Air; Natural Gas
Cooling: Ceiling Fan(s); Wall Unit; Window A/C
Basement: Block Foundation; Crawl Space
Water Heater: Gas
Water: Well; Shared Well
Sewer: Septic; Shared Septic
Laundry: Main Level
Electric: Master
Fuel: Electric; Natural Gas
Util Pd By Owner: Cable; Electric; Fuel; Maintenance; Water
Business/Income: Income Property
Showing Instructions: Appointment Only; No Drive-bys; Rented
Terms: Cash; Conventional Mort
Listing Office: Berkshire Hathaway Homeservices Indian River
Last Updated: May - 21 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
231.238.7400
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