3551 W Otsego Lake Drive, Gaylord, MI 49735 (MLS# 201825744)
3551 W Otsego Lake Drive, Gaylord, MI 49735
$1,300,000
Property Type:
Residential
Bedrooms:
7
Baths:
4
Square Footage:
3,169
Lot Size (sq. ft.):
104,544
Status:
Active
Current Price:
$1,300,000
List Date:
8/11/2023
Last Modified:
8/11/2023
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.
More Information MLS# 201825744
Contract Information
Current Price: $1,300,000
Begin Date: 2023-08-10
List Price: $1,300,000
Status: Active
Property Information
Type: Residential Water
Realtor.com Type: Residential-Single Family
Total Bedrooms: 7
Full Baths: 4
Total Bathrooms: 4
Garage Y/N: 1
Garage Stall: 2
Garage Type: Detached/UN
Garage Size: 20x20
Style: Cabin
Construction: Frame
Frontage: All-Sport
Waterfront: Yes
Lake/Rvr/Creek/Strm: Otsego Lake
Amount of Frontage: 150'
Acres: 2.4
Lot Size Dimensions: 2.4 acres
Above Grade Sq Ft: 3169
Total Bldg SqFt.: 3169
SqFt Source: Agent Measure
School District: Gaylord
Location, Tax and Legal
County: Otsego
St. #: 3551
Street Direction Pfx: W
Street Name: Otsego Lake
Street Suffix: Drive
State: MI
Zip Code: 49735
In City Limits: No
Ownership Status: Owner
Township/City/Village: Bagley
Subdivision or T/R: T30N R3W
Zoning: RR
Directions and Remarks
Directions: From Gaylord, S Otsego Ave, RIGHT on McCoy Rd, LEFT on Dickerson Rd, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.
Internet Access: Cable
Rooms
Living Room Size: 17'7''x13'7''
Living Room Level: 1st
Dining Room Size: Combo
Dining Room Level: 1st
Kitchen Size: 11'9''x11'11''
Kitchen Level: 1st
Bedroom 1 Size: 10'1''x8'11''
Bedroom 2 Size: 10'1''x8'11''
Bedroom 2 Level: 1st
Bedroom 3 Size: 13'8''x8'8''
Bedroom 3 Level: 1st
Bedroom 4 Size: 13'x8'7''
Bath 1 Type: Full
Bath 1 Level: 1st
Bath 1 Size: 8'11''x5'
Bath 2 Type: Full
Bath 2 Level: 1st
Bath 2 Size: 8'11''x5'
Bath 3 Type: Full
Bath 3 Level: 1st
Bath 3 Size: 13'x5'1''
Bath 4 Type: Full
Bath 4 Level: 1st
Bath 4 Size: 5'x7'
Room Description 1: Bedroom 6
Room 1 Size: 8'2x6'
Room 1 Level: 1st
Room Description 2: Bedroom 7
Room 2 Size: 8'2x6'
Room 2 Level: 1st
Water
Size: 5''
Sewer
Age: 2015
Schools
Elementary School: Gaylord
High School: Gaylord
Taxes and Possession
Taxes: $5,772.34
Tax Year: 2022
Possession: at close
Association Dues: No
Sign
Sign: Yes
Property Features
Foundation: Crawl
Interior Features: Doorwall; Vaulted Ceilings; Wood Laminate
Appliances & Equipmt: Dishwasher; Microwave; Refrigerator; Range/Oven
Heating/Air: Central Air; Forced Air; Natural Gas
Laundry: None
Water: Well
Sewer: Septic
Age: 6-10 Years Approx
Exterior: Vinyl
Exterior Features: Cable TV; Deck; Shed; Sprinkler System
Road: Paved; Maintained
Showing Instructions: Appointment Only; Lock Box; No Drive-bys; Rented; Showingtime
Terms: Cash; Conventional Mortgage
Documents
Disclosures ›Listing Office: smith realty GROUP
Last Updated: August - 11 - 2023
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