350 MICHELSON Road Active Save Request In-Person Tour Request Virtual Tour
Houghton Lake,MI 48629
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $233
MLS Listing ID 20240051667
Style Ranch
Bedrooms 4
Full Baths 2
Annual Tax Amount $1,500
Lot Size 31.800 Acres
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
Interior
Heating Forced Air
Exterior
Garage Detached
Garage Description 3.5 Car
Waterfront no
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Well (Existing)
Structure Type Vinyl
Schools
School District Houghton Lake
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA