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Jessica A Wilson

jannewilsonrealtor@gmail.com +1(313) 399-5605

$ 394,000

Est. payment | -/mo

4,791 Sqft Lot

Save

$ 394,000

Est. payment | -/mo

Save

4,791 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Subdivision Village Of Fife Lake

MLS Listing ID 78080069671

Style Victorian

Year Built 1890

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

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

County Grand Traverse

Area Area28131Fifelaketwp

Interior

Heating Baseboard, Hot Water, Natural Gas, Other Heating Source

Cooling Ceiling Fans, Exhaust Fan, Other

Fireplace No

Exterior

Waterfront Description AllSportsLake

View Y/N No

Building

Lot Description WaterView

Foundation MichiganBasement, Slab

Sewer Public Sewer

Water Well

New Construction No

Schools

School District Forest Area

Others

Acceptable Financing Cash, Trade1031Exchange

Listing Terms Cash, Trade1031Exchange

Special Listing Condition Standard

Listed by Carole L Higgins of Cygnus Real Estate

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI, 48101-2036, USA

Learn More About LPT Realty

118 E State ST Fife Lake Twp, MI 49633