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350 MICHELSON Road, Houghton Lake, MI 48629

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For Sale

$349,900

4 beds • 2 baths • 1,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $233.27
    Price per square foot

Explore this Property

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.
MLS# 20240051667

Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
(888) 501-7085

Property Features

  • Amenities
    Dock
  • Architecture Style
    Ranch
  • Heating System
    Forced Air
  • Lot Size
    31.8 Acres

Map and Directions

Directions to 350 MICHELSON Road, Houghton Lake, MI 48629

Home seller CENTURY 21 Realty North

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty North

(989) 366-1801
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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