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About the Listing 61771 - NGL-T370294
Built in 1886 overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck enjoys 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. 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 adapted to changing needs for nearly 140 years and is ready for its 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.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
80069671
Year Built
1890
Total Square Footage
0
Lot/Acreage
0.11
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
- Air Cond: Ceiling Fan(s)
- Heating: Baseboard,Hot Water,Other-See Remarks
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: MI Basement
- Other:
- Water: Private Well
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: irregular
- Zoning: Residential
- Roof:
- Others: Deck,Patio
- Sewer: Public Sanitary
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..
118 E State Fife Lake, MI 49633
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