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About the Listing 62027 - NGL-T378606
High-Upside Investment Opportunity in Prime Lake City Location! Attention investors and flippers—this 3-bedroom, 1-bath property offers a rare chance to capitalize on a low purchase price with strong ARV potential in a highly desirable, walkable location. Situated on a 50x70 lot, the property features a fenced-in backyard and a small attached garage currently used for storage, with potential to be converted back to garage space. The home also includes a basement primarily suited for mechanicals and storage. This is a full rehab project requiring significant TLC inside and out, making it ideal for experienced investors looking to unlock value. The home offers a functional layout with all three bedrooms located upstairs, each featuring closet space, while the main floor includes the living room, bathroom, eat-in kitchen, and sun porch—providing a solid foundation. One nice feature is the covered, enclosed porch with French doors leading into the living room—a unique element that can be transformed into a bright, inviting entry or additional living space, enhancing both charm and usable square footage. Inside, the property retains original turn-of-the-century character ready to be restored. This property has also demonstrated strong rental income potential for many years under the original owner, adding confidence for investors considering a buy-and-hold strategy. Located within walking distance to schools, businesses, and dining, the location supports both resale value and continued rental demand. Investor highlights: Low entry price = strong margin opportunity High ARV potential after renovation Proven rental history Full rehab = maximize forced appreciation Walkable to schools, post office, shopping & dining Convertible garage adds flexibility and value Sun front porch add usable space Historic charm enhances finished product appeal Bring your contractor and your vision—this is a prime value-add opportunity with serious upside.
Listing Highlights
Status
Pending
Days on Site
5
Property Type
Residential
MLS ®
80067463
Year Built
1925
Total Square Footage
1,247
Lot/Acreage
0.08
County
Missaukee
Neighborhood
None
Area
Lake City (57017)
School District
Lake City Area School District
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1247
- Below Ground Sq Ft: 0
- Basement: Block,Full,Interior Access,Unfinished
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: 50 x 70
- Zoning: Residential
- Roof:
- Others: Deck,Fenced Yard
- Sewer: Community
- Parking Features: Attached Garage,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
121 S Canal Lake City, MI 49651
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