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$445,000 Active W/Contingencies

1990-1994 Lake Shore Drive
Topinabee, MI 49791

2 units | Multi Family Home - MLS# 315351
Property Photo
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Description

Whether you are looking for an excellent rental investment opportunity, a family compound or a vacation get away with extra income potential, this is the property you're looking for. Two newly remodeled cottages sitting on 185' of prime Mullett Lake frontage. Each cottage has 2 bedrooms, a full bath, spacious kitchen/dining/living area, a laundry and private dock. One unit is slightly larger with a sun room and the other has a large deck with a hot tub. Turn key option is available including furnishings, kitchen equipment, linens, etc. Owner currently uses it several times a year and rents it the balance of the year. The gross rental income (before management fees) for 2017 was approximately $45,000. Units are currently rented through Labor Day. See supplement for additional details.

Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Business/Income: Income Property, Other
  • Construction: Frame
  • County/Area: Cheboygan County
  • Electric: Separate
  • Exterior: Shed, Wood
  • Frontage Amount: 185'
  • Fuel: Electric
  • Heating: Electric
  • High School: Cheboygan
  • Interior: Doorwall, Hot Tub, Other
  • Lake/Rvr/Creek/Strm: Mullett Lake
  • Landscaping: Lawn, Other
  • Laundry: Main Level
  • Listing Status: Active W/Contingencies
  • Lot Dimensions: 185 x 103
  • Patio/Deck: Open Deck, Sun Room
  • Prop Type: Multi-Family
  • Property Type: Multi Family Home
  • Sewer: Shared Septic
  • Style: Cottage, Ranch
  • Sub Type: Multi Family Home
  • Subdivision: Topinabee Yacht Club
  • Subdivision/Neighborhood: Topinabee Yacht Club
  • Unit 1: 2-Bed, 1.00-Bath, 1150-sqft
  • Unit 2: 2-Bed, 1.00-Bath, 1050-sqft
  • Units: 2
  • Water: Shared Well
  • Zip Code: 49791

Steve Shampine
RE/MAX North
Cheboygan, MI 49721

877-627-9991
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