Multi-unit investment opportunity in Vanderbilt, just minutes from Gaylord and nearby hospital access. This property offers flexible rental potential with three units and is well-positioned for furnished mid-term rental use, including traveling nurses and short-term tenants. Seller reports strong demand through Furnished Finder and is currently transitioning the property toward fully furnished rentals. One unit is currently occupied at $1,600/month, while the other units are expected to be vacant. Seller projects higher rental potential during the summer season when operated as furnished units. Recent improvements include a newer roof, rebuilt exterior wall section, updated flooring, refinished walls, insulated roof work, recessed lighting, and two solar vents added to help with prior ice dam concerns. The property includes a well, brand-new septic system, multiple storage buildings, a 12x10 outbuilding with loft, furnishings, rugs, décor, picnic table, firepit, lawnmower, and additional materials the seller may leave with the sale. Exterior cleanup and finishing touches are still needed, but much of the setup is already in place for someone looking to operate furnished rentals in a resort-area market.
61 days
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525
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25
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Zillow last checked:
Listing updated:
Listed by:
Troy Schearer989-708-2430,
JPAR - Great Lakes Bay Region989-349-3039
Source: MiRealSource,MLS#: 50209253Originating MLS: Saginaw Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Heating
Wall Furnace
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Appliances
Included: Range/Oven, Refrigerator, Washer, Gas Water Heater
Laundry: Common Area
Features
Basement: Block
Has fireplace: No
Furnished: Yes
Interior area
Total structure area: 2,000
Total interior livable area: 2,000 sqft
Property
Features
Levels: Two
Stories: 2
Patio & porch: Porch
Lot
Size: 8,276 Square Feet
Dimensions: 8276
Details
Parcel number: 04510000019700
Special conditions: Private
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Wood Siding
Foundation: Basement
Condition
Year built: 1986
Utilities & green energy
Electric: 200+ Amp Service
Gas: Natural Gas
Sewer: Septic Tank
Water: Private Well
Utilities for property: Cable/Internet Avail., Cable Available, Sewer Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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