KimberlySharp
BEDS0
BATHS0
SQUARE FEET3,169
MLS#201839826
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONT30N R3W
SCHOOLGaylord
Property Description
Endless possibilities 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Garage: 2
Heating: Forced Air, Natural Gas
Home Style: Cottage
Lot Size: 2.4 acres
Units
Unit Type 1:
Bedrooms: 2
Bathroom(s): 1
Rent: $1150.00
Square Footage: 819
Unit Type 2:
Bedrooms: 1
Bathroom(s): 1
Rent: $1395.00
Square Footage: 400
Unit Type 3:
Bedrooms: 2
Bathroom(s): 1
Rent: $1295.00
Square Footage: 672
Unit Type 4:
Bedrooms: 2
Bathroom(s): 1
Rent: $1395.00
Square Footage: 672
Amenities
Cable
Ceiling Fans
Hardwood Floors
Vaulted Ceilings
Doorwall
Feature Descriptions
Appliances: Electric Range, Refrigerator
Body of Water: Otsego Lake
Date active: 2026-05-05
Days on Site: 16
Exterior: Metal Siding, Vinyl
Financing Available: Cash, Conventional Mort
Heating Y/N: Yes
Laundry: None
Lot Dimensions: 2.4 acres
Parcel Number: 010-020-400-100-00
Patio/Deck: Porch Open
Rent Includes: Water
Road Frontage: Lawn
Sewer: Shared Septic
Units: 4
Water: Master, Well
Local Schools
High School: Gaylord
Elementary School: Gaylord
School District: Gaylord
Listed By / Shown By
Listed By
Agency Name: smith realty GROUP
Agency Phone: 989-732-2477
Shown By
Agent Name: Kimberly Sharp
Agent Phone: (734) 478-4715
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 5,267.42 per month $5,006.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.04 Homeowner's InsuranceChange Payment Information
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3551 W Otsego Lake Drive | MLS# 201839826
This multi-family property located at 3551 W Otsego Lake Drive, Gaylord, MI 49735 is currently listed for sale with an asking price of $895,000. W Otsego Lake Drive is located within the Gaylord school district. Search Gaylord real estate on kimberlysharp.ikeyrealty.com today.