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Kyle O'Grady

kyle@ogradyteam.com +1(231) 499-9999

Listed by Cygnus Real Estate

$394,000

Est. payment - /mo

3 Baths

3,216 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $122

MLS Listing ID 1946582

Style Other,Victorian

Year Built 1890

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Property Description

Built in 1886 overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck provides year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season and tenants happy with their living arrangements Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has been adapted to changing needs for nearly 140 years and is ready for the next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $133,000 per unit, opportunities like this are becoming increasingly difficult to find. This is not a turnkey property, but for buyers willing to roll up their sleeves, it offers a remarkable view, easy access to the lake, and the chance to create significant value through vision, patience, and effort. The neighboring property may also be available. Ask for details.

Location

State MI

Rooms

Basement Michigan Basement

Interior

Interior Features Breakfast Nook, Kitchen Island, Other, Ceiling Fan(s), Cable TV, High Speed Internet

Heating Hot Water, Baseboard, Fireplace(s), Natural Gas

Fireplace true

Appliance Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, Exhaust Fan, Gas Water Heater

Exterior

Exterior Feature Garden

Community Features None

Waterfront Description Private

Roof Type Asphalt,Metal/Steel

Garage false

Building

Story Two

Foundation Slab

Sewer Public Sewer

Water Private

Architectural Style Other, Victorian

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Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

118 E State Street Fife Lake, MI 49633

Kyle O'Grady

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby Locations

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