103 W Cherry Creek Rd
Mio, Michigan 48647 (outside city limits) Oscoda County
For Sale
Price: $149,900
Residential 3 bedroom, 2 bath, 1 story with crawl space
- Year Built:
- unknown
- SqFt +/-:
- 1752
- Exterior:
- vinyl
- Garage:
- none
- View:
- average
- Lot Size:
- 0.40 acres
- Furnished:
- Unfurnished
- Fireplace(s):
- none
- Water:
- shared well
- Sewer:
- septic
- Heat:
- natural gas FA
- Central Air:
- No
Appliances: negotiable (AS-IS). Exterior Features: small porch on front of house and wood deck off back of home. Outside Amenities: low fence on sides of home, not enclosed. Woods at rear of property. Outbuildings: 2 sheds (one for each house). School District: Mio-Ausable Schools.
Savvy investors, take note. 103 W Cherry Creek Rd is not just a home -- it's a revenue generator in the heart of Mio. This unique property features two separate dwellings on a single 0.4-acre lot, offering a pure investment play that is nearly impossible to find at this price point. The Primary Residence: A 720 sqft ranch boasting 3 bedrooms and 2 baths with an addition that can serve as a Great Room or Entertainment Room. Has Large deck off back of home and small shed for storage. The Secondary Unit: A separate, self-contained home at 480 sqft. This home has 2 bedrooms and 1 bath with the potential of 3 bedrooms. Has additional storage shed. Perfect for a secondary rental income stream. The Numbers: Acquire two units for under $150k -- well below replacement cost. Located in a low-tax township with high demand. Whether you utilize it as a long-term rental to stabilize your mortgage or as a separate Short Term Rental unit for smaller parties, the ROI potential is undeniable. Close to the AuSable River and downtown Mio.