REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 349,900
Est. payment /mo
Active
350 MICHELSON Road Houghton Lake, MI 48629 9090
4 Beds
2 Baths
1,500 SqFt
UPDATED:
09/06/2024 07:51 PM
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $233
MLS Listing ID 60325363
Style 1 Story
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 1,500
Annual Tax Amount $1,500
Lot Size 31.800 Acres
Acres 31.8
Lot Dimensions 1325X1396X954X1366
Property Description
Exceptional Investment Opportunity! Income-Generating Property! This property, located along M127, has a newly signed lease for a 150x150 sq ft area where a cell phone company will be installing a tower this fall. The 25-year lease agreement offers monthly payments starting at $900, gradually increasing to around $1,200 by the lease's end. There’s also a cash-out option of $125K available immediately after the tower is installed. An additional existing sign on the property brings in $100 per month. Welcome to this beautifully updated home nestled on 31.8 acres of tranquil land. The property boasts two scenic ponds, an oversized two-car garage with storage lofts and a workshop, a large deck, and a lovely garden. Just one mile from Houghton Lake Public Access, it’s a nature lover’s dream, offering abundant wildlife and hunting blinds for outdoor enthusiasts. Whether you're seeking a year-round residence or a vacation retreat, this property offers the perfect blend of modern comfort and natural beauty. Featuring a mix of wooded and open areas, it’s ideal for storing your recreational toys, hunting, or simply enjoying the surrounding wildlife. Despite its private setting, it’s conveniently close to town, making it a fantastic option for group investments or recreational use. BATVAI.
Location
State MI
County Roscommon
Area Lake Twp (72006)
Interior
Heating Forced Air
Exterior
Parking Features Detached Garage
Garage Spaces 3.5
Garage Yes
Building
Story 1 Story
Foundation Crawl
Water Private Well
Architectural Style Ranch
Structure Type Vinyl Siding
Schools
School District Houghton Lake Comm Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty LLC
GET MORE INFORMATION