Investment Opportunity! 19 units (with a possibility of 2 more) located on Old 27 South Highway, 9 miles south of Gaylord and 1.5 miles north of Waters. Most units are efficiency units and there is a one-bedroom unit. large conference room and large kitchen off of the conference room. 2 pole barns and one that is heated with 3 bays. Furnishings provided to tenants include a 2 burner hot plate, microwave and a refrigerator for each unit. Some units have tables, dressers, and corner cabinets.
This complex has three different homes that can be a tremendous revenue generator OR a an up north family compound for extended friends and family. This property sits directly across from the famed Wah-Wah-Soo park on Otsego Lake. Great access to the lake, great views of the lake from the property. The main home is a large 1120 sq. ft. home with dining room, large living room, newer plumbing and windows along with natural gas and spectacular views of the lake. All units are metered separately. Property is currently being used as long-term rental's but the possibilities are endless!
The median home value in Gaylord, MI is $269,537. This is higher than the county median home value of $187,000. The national median home value is $338,100. The average price of homes sold in Gaylord, MI is $269,537. Approximately 28.87% of Gaylord homes are owned, compared to 64.35% rented, while 6.78% are vacant. Gaylord real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gaylord real estate agent to arrange a tour today!
Gaylord, Michigan has a population of 4,204. Gaylord is less family-centric than the surrounding county with 20.66% of the households containing married families with children. The county average for households married with children is 24.43%.
The median household income in Gaylord, Michigan is $33,952. The median household income for the surrounding county is $59,330 compared to the national median of $69,021. The median age of people living in Gaylord is 41.2 years.
The average high temperature in July is 77.3 degrees, with an average low temperature in January of 9.9 degrees. The average rainfall is approximately 34.5 inches per year, with 135.6 inches of snow per year.