37
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$1,100,000
Est. payment /mo
1,407 SqFt
Active
5968 W Houghton Lake Drive Houghton Lake, MI 48629
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UPDATED:
11/24/2024 10:02 AM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,407 sqft
Price per Sqft $781
Subdivision Mi
MLS Listing ID 80052600
Year Built 1975
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 100x159x100x166
Property Description
South Shore Marina with 100 feet of sandy beach waterfront, offering a versatile range of established and potential income opportunities. Primary home has been fully remodeled, top of the line finishes, with no expenses spared (just needs finishing touches to complete). Home boasts a main-floor, water-view master suite and updated kitchen and a water-facing patio. Two, water-view studio cottages have been completely remodeled and are fully-furnished with kitchenettes for two-person, couple functionality including shaded, water-view patios. These cottages have not been rented since the completion of remodel and were previously grossing $1000/month for 12-month rental and are estimated to be capable of $180 to $250 per night on short-term rental. Primary home could similarly be used as a primary home and/or could be rented on short-term rental for sleeping an estimated 10 to 12 people. Walk-out lower level could be finished into an additional unit maybe for a caretaker/owner residence. Western portion of property holds potential for additional construction --- possibly for additional rental cottages or another house. Launch a kayak, paddle board, and canoe rental business. Offer pontoon rentals for short-term rental clientele. Commercial zoning. Property currently sustains 36 boat slips with an annual gross rental income of $45,000 for seasonal slip rental. Gross income conservatively at $93,500 but could far exceed this number with vision and care. More financials available upon request.
Location
State MI
County Roscommon
Area Roscommon Twp (72011)
Zoning Commercial,Residential
Interior
Heating Forced Air
Exterior
Parking Features Parking Lot
Roof Type Asphalt
Building
Foundation Basement
Water Private Well
Structure Type Frame,Vinyl Siding
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Brookstone Realtors
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