For Sale
$249,900

2989 Houghton Lake Dr Houghton Lake, MI 48629

Four-unit complex, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a four-unit apartment complex situated on a prime commercial lot in Houghton Lake, Michigan. Located at 2989 W Houghton Lake Drive, 48629, this property boasts 47 feet of frontage on M-55, ensuring high visibility and accessibility. Previously a motel, the building has been thoughtfully converted into four individual units, each featuring a kitchenette and bathroom. In total, the complex offers six bedrooms and four bathrooms, providing ample space for residents or guests. The convenient location, directly behind Pop-A-Top, offers easy access to local amenities and high traffic volume. The property's configuration allows for various income-generating strategies, including on-site management or off-site landlord options. The asking price is $249,900. This property presents a unique opportunity for investors seeking a strong return on investment in a desirable location. The ample parking and private entrance from M-55 add to the property's appeal. This is a turnkey operation ready for immediate income generation or further development. The property is zoned for commercial use and offers significant potential for future growth and expansion. Don't miss this chance to acquire a well-positioned, income-producing asset in a thriving Michigan community.

Highlights

  • Four-unit apartment complex on a prime commercial lot in Houghton Lake, MI.
  • 47 feet of M-55 frontage provides high visibility and accessibility.
  • Converted motel with four units, each featuring a kitchenette and bathroom; six bedrooms and four bathrooms total.
  • Located behind Pop-A-Top, offering high traffic and convenient access to amenities.
  • $249,900 asking price; turnkey operation with potential for immediate income.

Property Details for 2989 Houghton Lake Dr

Property type
Specialty properties, Land

Location Insight

City
Houghton Lake
County
Roscommon
State
Michigan
Latitude
44.2980765
Longitude
-84.6978678

FAQs

What type of property is this?
Specialty property - Four-unit complex, high-traffic location.
Where is the specialty property located?
The property is located at 2989 Houghton Lake Dr Houghton Lake, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four-unit apartment complex on a prime commercial lot in Houghton Lake, MI.; 47 feet of M-55 frontage provides high visibility and accessibility.; Converted motel with four units, each featuring a kitchenette and bathroom; six bedrooms and four bathrooms total.
How can I contact the broker?
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2989 Houghton Lake Dr
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