5968 W Houghton Lake Road
Houghton Lake, MI 48629
- 6 beds
- 4 baths
- 2,244 sqft
- ~3/4 acre lot
- $490 per sqft
- 1975 build
- – on site
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.
Last checked:
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Last updated Nov 21, 2024
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MLS# 1929178 —
This home is listed in more than one place. See it here.
The Building
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Construction:frame
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Style:2 story, other, contemporary, cottage, in-law suite/apartment, apartment, bed & breakfast
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Roof:asphalt
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Foundation:full, daylight windows, entrance outside, unfinished, entrance inside
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Exterior Finish:Vinyl
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Barrier Free Design:No Steps Entry, Low Threshold Shower
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Eco Features:no
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SqFt:2244
Interior
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Features:Walk-In Closet(s), Granite Bath Tops, Granite Kitchen Tops
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Laundry on:Main Floor
Financial & Terms
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Terms:Conventional, Cash, 1031 Exchange, Land Contract/PMM
Location
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Latitude:44.306843
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Longitude:-84.75595
The Property
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Parcel Description:metes and bounds
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Lot Dimensions:100x159x100x166
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Land Features:Cleared, Level, Rolling
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Acres:0.75
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Zoning:Residential, Commercial
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Exterior Features:Deck, Multi-Level Decking, Patio, Handicap Access, RV Parking
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Deeded Waterfront:yes
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Water Features:private frontage water side, inland lake, all sports, water view, private dock, soft bottom, sandy bottom, public lake
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Body Of Water:Houghton Lake
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Road:public maintained, blacktop
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Mineral Rights:Unknown
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Price Per SqFt:490.2
Listing Agent
- Contact info:
- Agent phone:
- Office phone:
- (248) 963-0505
Taxes
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Tax ID:011-555-001-0000
Beds
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1st Bedroom on:Main Floor
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2nd Bedroom on:Upper Floor
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3rd Bedroom on:Upper Floor
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4th Bedroom on:Upper Floor
Baths
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Master Bath:shared
Heating & Cooling
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Fireplace/Stove:Fireplace(s)
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Heating & Cooling:Forced Air
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Heating & Cooling Source:natural gas
Utilities
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Water:Private Well
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Sewer:Private Septic
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TV Service/Internet:Cable TV, Cable Internet, WiFi
Appliances
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Appliances:Refrigerator, Oven/Range, Disposal, Dishwasher, Microwave, Washer, Dryer, Freezer, Ceiling Fan, On Demand Water Heater, Smoke Alarms(s)
Schools
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School District:Houghton Lake Community Schools
The Community
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Subdivision:MI
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Amenities:None
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Association Fee Includes:None
Parking
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Primary Garage:none
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Driveway:Blacktop, Gravel, Private
Extra Units
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Additional Buildings:guest house, other
Monthly cost estimate
Asking price
$1,100,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,890
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| Taxes | N/A |
| Insurance | $302 |
| Utilities | $203 See report |
| Total | $6,395/mo.* |
| *This is an estimate |
Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
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Listed / Active | NGLRMLS | $1,100,000 | |
|
9/19/24
Sep 19, 2024
|
Listed / Active | REALCOMP | ||
|
8/15/24
Aug 15, 2024
|
Listed / Active | REALCOMP |
