942 S State Street
Oscoda, Michigan 48750 (city) Iosco County
For Sale
Price: $440,000
Residential (Waterfront) 7 bedroom, 3 bath, 2 story with slab
- Year Built:
- 1953/2020
- SqFt +/-:
- 2615
- Exterior:
- vinyl
- Garage:
- none
- View:
- above average
- Lot Size:
- 0.22 acres
- Furnished:
- Unfurnished
- Fireplace(s):
- none
- Water:
- city
- Sewer:
- city
- Heat:
- natural gas FA
- Central Air:
- Yes
Appliances: All 3 suites include a range, microwave, refrigerator. They share a laundry room with washer and dryer.. Exterior Features: Balconies front and rear off Suite A, Patios behind all 3 suites. Outside Amenities: Nestled on a scenic Bayou just off the AuSable River and across the street from the Great Lake Huron. Outbuildings: 2 metal garden sheds. School District: Oscoda Area Schools.
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!