1990-1994 Lake Shore Drive $445,000

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    1990-1994 Lake Shore Drive Topinabee, MI 49791

    • 0 Beds
    • 0 Baths
    • 0 sq.ft.
    • Multi-Family
    MLS# 315351 | Pending

    $445,000

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    Days On Market: 189 341 Views
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    Property Details

    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.

    • General Features
      • Type Other
      • Style Cottage,Ranch
      • Business Income Income Property, Other
      • Subdivision Topinabee Yacht Club
      • County Cheboygan
    • Building Features
      • Construction Frame
      • Exterior Shed, Wood
      • Patio/Deck Open Deck,Sun Room
      • Basement Crawl Space
      • Heating Electric
      • Cooling None
      • Appliances Dishwasher, Dryer, Electric Range, Refrigerator, Washer
      • Laundry Main Level
    • Room Features
      • Unit 1 Approx. SqFt. 1150
      • Unit 1 # of Bedrooms 2
      • Unit 1 Baths 1.00
      • Unit 1 Occupied No
      • Unit 1 Present Rent 0.00
      • Unit 2 Approx. SqFt. 1050
      • Unit 2 # of Bedrooms 2
      • Unit 2 Baths 1.00
      • Unit 2 Occupied No
      • Unit 2 Present Rent 0.00
    • Property Features
      • Lot Size 185 x 103
      • Landscaping Lawn,Other
      • Lake River Name Mullett Lake
      • Fuel Electric
      • Electric Separate
      • Sewer Shared Septic
      • Water Shared Well
    • Schools
      • High School Cheboygan

    Contact

    Julie Ryzenga

    Associate Broker

    RE/MAX North

    Cell: 231-818-1982

    Neighborhood

    49791 (Topinabee) Demographics

    45Median Age
    307Population Density (per sq. mile)
    36%College Educated
    $51,786Estimated Median Income
    105Estimated Total Home Owners
    17Estimated Total Renters
    86% / 14%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    331Total Population

    Market Last 30 Days

    $122,500 Median Sales Price
    1 Homes Sold
    2 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $445,000
        11/27/2018 4:55:24 PM Status Changed Source New Value: Pending
        10/19/2018 4:55:32 PM Status Changed Source New Value: Active w/Contingencies
        8/14/2018 1:57:00 PM New in Database Source

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