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$185,900
Est. payment /mo
3 Baths
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality VanderBilt
Subdivision Vanderbilt
MLS Listing ID 50209253
Year Built 1986
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 8276
Source MiRealSource
Property Description
Multi-unit investment opportunity in Vanderbilt, just minutes from Gaylord and nearby hospital access. This property offers flexible rental potential with three units and is well-positioned for furnished mid-term rental use, including traveling nurses and short-term tenants. Seller reports strong demand through Furnished Finder and is currently transitioning the property toward fully furnished rentals. One unit is currently occupied at $1,600/month, while the other units are expected to be vacant. Seller projects higher rental potential during the summer season when operated as furnished units. Recent improvements include a newer roof, rebuilt exterior wall section, updated flooring, refinished walls, insulated roof work, recessed lighting, and two solar vents added to help with prior ice dam concerns. The property includes a well, brand-new septic system, multiple storage buildings, a 12x10 outbuilding with loft, furnishings, rugs, décor, picnic table, firepit, lawnmower, and additional materials the seller may leave with the sale. Exterior cleanup and finishing touches are still needed, but much of the setup is already in place for someone looking to operate furnished rentals in a resort-area market.
Location
State MI
County Otsego
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Exterior
View Y/N No
Building
Structure Type Block,Wood Siding
Others
Tax ID 045-100-000-197-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by JPAR - Great Lakes Bay Region
Nearby School & Business
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