942-A S State Street

SELLER FINANCING AVAILABLE! Offering Land Contract terms: $125,000 Down, 5.5% Interest, 10-Year Max. Term to qualified buyer. This property is located in AuSable Twp, zoned C-3 Waterfront Mixed Use District, so it would be allowable for an owner to live in one suite and rent the other 2 suites for income. Current owner formerly had all 3 suites in short-term Summer rentals via Airbnb and VRBO, plus multiple-month off-season leases at $1450/mo./suite. 2023 Gross Annual Rental Income was $54,000. This property includes 2 well-maintained buildings divided into 3 furnished comfortable suites. Walk to shopping, dining, movies, entertainment, recreation, and the pristine sandy Lake Huron beaches in the twin towns of Oscoda and AuSable. All indoor and outdoor furniture, furnishings, and a 26 ft Boat Slip in the neighboring Riverview Condo Marina are included in this sale!