5968 W Houghton Lake Road
Houghton Lake, MI 48629
2244 sqft | 6 beds | 4 baths | 0.75 acres | #78080054439
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.
Property Details
- AppliancesDishwasher, Disposal, Dryer, Freezer, Microwave, Oven, Refrigerator, Range, Washer
- Waterfront FeaturesAllSportsLake, DockFacilities, WaterAccessRights, Waterfront, SandyBottom
- Basement DescriptionDaylight, ExteriorEntry, Full, InteriorEntry, Unfinished
- Lot FeaturesCleared, WaterView, RollingSlope
- Lot DescriptionCleared, WaterView, RollingSlope
- Property SubtypeSingleFamilyResidence
- InteriorWalkInClosets
- Parcel Number0115550010000
- School DistrictHoughtonLake
- CoolingCeilingFans
- Cooling FeaturesCeilingFans
- MLS #78080054439
- MLS #78080054439
- Sewer InformationSepticTank
- CountyRoscommon
- FoundationBasement
- Original List Price$975,000
- Cost975000
- Acres0.75
- Square Feet2244
- Year Built1975
- Utility SourceWell
- SubdivisionNONE
- Days on Market (Cumulative)69
- Bedrooms6
- Bathrooms4
- Full Baths4
- Stories2
- Basement1
- Basement Finished1
- Waterfront1
Location
Legal
All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Renee W Waverly (#78000000588997), Email: Renee@231living.com
Listing Office: Brookstone Realtors (#78000000108178)
Interested in Purchasing 5968 W Houghton Lake Road?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.