2989 Houghton Lake DrHoughton Lake, MI 48629

Property Details for 2989 Houghton Lake Dr

Lot size

0.40 AC

Property type

Commercial real estate

APN

003-017-014-0031

APU

30170140031

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,642,590

  Hospitality

  $3,336,592

  Educational

  $2,776,006

  Medical

  $2,871,477

  Retail

  $4,318,231

Location Insight

City

Houghton Lake

County

Roscommon

State

Michigan

Latitude

44.2981

Longitude

-84.6977

Property Tax & Assessments

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