$349,900
- Beds
- 4
- Baths
- 2.0
- sq ft
- 1,500
350 Michelson Rd, Houghton Lake, MI 48629
350 Michelson Rd
Lake Twp, MI 48629
- 128 days on market
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.
Details
Property type
Single Family Residence
Lot size
31.80 acres
Price per sq ft
$234
Year built
Unknown
Annual property taxes
$1,500
Price History
07/17/2024
Realcomp #20240051667
Listed
$349,900
Schools & Community
Elementary school:Â
Unknown
Middle school:Â
Unknown
High school:Â
Unknown
School district:Â
Houghton Lake
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Status: Active
Tomo last checked: 11/22/2024 at 11:50 PM
Listing updated: 09/06/2024 at 3:51 PM
Listed by: Sam Mahdi, EXP Realty LLC Phone #:Â (888) 501-7085
MLS: Realcomp #20240051667
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