350 MICHELSON Road Lake Twp, MI 48629

Single Family Residence

4 Beds

2 Baths

1,500 Sq. Ft.

31.8 Acre Lot

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Last updated on 1/4/2025 2:13 PM

Listing Details

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 increa...sing 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. Continue reading

Source MLS

Real Comp

Originating MLS

Realcomp II Ltd

MLS#

20240051667

Property Type

Single Family

Bedrooms

Bathrooms

2 Full

Square Feet