3551 W Otsego Lake Dr - Manufactured Housing/Mobile Housing FOR SALE


Gaylord, MI 49735
$895,000 USD
989-732-2477

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$895,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | Request Cap Rate

3551 W Otsego Lake Dr
Gaylord, MI 49735


HIGHLIGHTS

  • Four cottages with proven rental history and strong income potential.
  • Two newly built units from 2015 and two extensively renovated units.
  • 150 feet of sandy Otsego Lake frontage on a 2.4-acre lot.
  • Includes detached 20x20 shared garage, private water system, and updated septic.
  • Opportunity to add more structures or a larger residence on expansive land.
  • Prime location near Gaylord’s services with easy lake access and recreational appeal.

OVERVIEW

Endless possibilities await at this rare multifamily property located on the shores of Otsego Lake. This unique offering spans 2.4 acres and boasts 150 feet of sandy lake frontage—a feature few parcels can claim. The site includes four cottages with a strong track record of both short- and long-term rental income, making it an immediate income-producing asset with room to scale. Two of the cottages were newly constructed in 2015, while the other two have undergone significant renovations, blending classic charm with modern updates. A detached 20x20 garage offers additional storage, complemented by a private water system and an upgraded pump-back septic system completed in 2015. The generous lot size gives investors and developers flexibility to expand, whether by adding additional cottages or constructing a larger residence. There is ample space for a sizable outbuilding, which can even be divided for segmented storage solutions. Located within minutes of Gaylord’s amenities yet offering privacy and tranquil waterfront views, this property delivers both usability and future development potential.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,485 SF

ZONING

-

APN/PARCEL ID

010-020-400-100-00

ASK ABOUT THIS PROPERTY

Ryan WojanSmith Realty GroupMore Info
989-732-2477

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Ryan WojanSmith Realty GroupMore Info
989-732-2477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.