1556 Rochester Rd, Addison Twp

$359,900

4 Beds
2 Baths
1,813 Sqft
4.58 Acres
2 Garages

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
Community Information
Address1556 Rochester Rd
Area02051-Addison Twp
CityAddison Twp
CountyOakland
StateMI
Zip Code48367
Amenities
# of Garages2
GaragesAttached, Electricity
Is WaterfrontYes
WaterfrontLake Frontage, Water Frontage
Interior
HeatingForced Air
CoolingCeiling Fan
Exterior
ExteriorVinyl
FoundationMichigan Basement
School Information
DistrictOxford
Office

Signature Sotheby's International Realty Nvl

LISTING MAP

Get directions to this property:

IDX provided courtesy of Realcomp II Ltd., via Keller Williams and REALCOMP, ©2020 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Sign up for email updates