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Arterra Realty - The fastest growing real estate company in Michigan

  • Price$359,900
  • Beds4
  • Baths2
  • SQ. Feet1,813
  • Acres4.58
  • Built1901

1556 Rochester Rd, Addison Twp

Amazing 2 unit leased waterfront investment property on 4.5 acres with over 2000 feet of water-frontage. Round Lake is a beautiful private lake with great fishing. The lake allows only electric motors. This property has 2 units that are both leased out at $1200 per month. Unit 1 has been leased for 8 years and the current tenant would like to stay. Unit 2 is halfway through a 2 year lease and the tenant would like to extend. This great property could also work very well on AirB&B. Each unit could rent at $100-$150 per night with average occupancy rate of around 60-70% for the year. You can also up-charge for boat and fishing gear rental. This is a perfect investment property for someone with a passion for fishing. Call today to take a tour or call to discuss the AirB&B potential!

Essential Information

  • MLS® #2200025485
  • Price$359,900
  • Bedrooms4
  • Bathrooms2.00
  • Full Baths2
  • Total Sq. Ft1,813
  • Acres4.58
  • Year Built1901
  • TypeResidential
  • Sub-TypeBungalow
  • StatusActive

Amenities

  • # of Garages2
  • GaragesAttached, Electricity
  • Is WaterfrontYes
  • WaterfrontLake Frontage, Water Frontage

Exterior

  • ExteriorVinyl
  • FoundationMichigan Basement

Listing Details

  • Listing OfficeSignature Sotheby's International Realty Nvl

Community Information

  • Address1556 Rochester Rd
  • Area02051-Addison Twp
  • CityAddison Twp
  • CountyOakland
  • StateMI
  • Zip Code48367

Interior

  • HeatingForced Air
  • CoolingCeiling Fan

School Information

  • DistrictOxford
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