Waterfront Property With Income Potential In Northern Michigan
Beautiful views overlooking the Tower Pond portion of the Upper Black River awards this amazing waterfront property that offers a 3 bedroom 2 bath home and 4 rental cabins.
There is nothing like overlooking the water from your home. This house features 2x6 construction, steel roof, attached garage, gas fireplace and much more. There is a good-sized front yard to play in and the back yard deck is perfect for grilling.
The four cabins offer a nice rental income. Three of the four cabins and the home itself are currently occupied with month-to-month renters. This gives the buyer the potential to keep those renters if they so wish without the obligation of adhering to some previous long-term lease agreement terms. Or if someone wanted to start fresh, they can do that as well.
The Upper Black River system is the only river in Michigan’s lower peninsula exclusively managed for brook trout. Besides having the Upper Black River right there in your back yard, countless other great rivers reside in this area including the Pigeon River, Black River East Branch, and Canada Creek. Burt Lake, Mullett Lake and Black Lake sit nearby as well. There are thousands of acres of state land here in Northern Michigan, including some only 1.3 miles away from this property. Snowmobile trails crisscross across the state. This area offers four seasons of outdoor adventures and individuals come from all over the state to partake in the beauty of it. Especially since this property is so easy to access from I-75 and with is premier visibility from M-68, an individual could turn this into a really nice business if they so wish. Reside in the home and rent out the cabins to weekend warriors. Take it a step further if you wish and offer guided hikes and fishing in the summer months while you give snowmobile tours in the winter months.
Needless to say, this property has a ton of promise. With the beautiful views, great location, and income potential, this is one property that deserves your attention.
- 3 bed 2 bath house (approximately 3020 sq/ft)
- 4 rental cabins (approximately 870, 864, 696 & 384 sq/ft)
- 280’ of water frontage on the Tower Pond portion of the Upper Black River
- Main house and 3 of 4 cabins are occupied with month-to-month renters
- Numerous great rivers and lakes in the area
- Tons of state land in the area to explore, hike and hunt
- Great visibility from M-68
- Easy access from I-75
- 1.3 miles from hundreds of acres of State Land
- 6 minutes from Onaway
- 18 minutes from Indian River and I-75
7059 River Bend, Lot #WP001
Onaway, Michigan 49765