118 E State Street, Fife Lake, MI 49633
118 E State Street, Fife Lake, MI 49633
118 E State Street, Fife Lake, MI 49633
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$394,000
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4,791 Sqft Lot
Price Dropped by $1K

118 E State Street Fife Lake, MI 49633

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Tracy Butcher

Tracy Butcher

+1(810) 428-7092

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 80069671

Style 2 Story

Year Built 1890

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions irregular

Property Sub-Type Multi-Family

Property Description

Built in 1886 overlooking Fife Lake, this historic triplex offers lake views, income potential, and the opportunity to create something special. The expansive deck provides year-round views of Fife Lake, a popular Northern Michigan all-sports lake known for boating, fishing, and year-round recreation. It is the kind of setting that keeps visitors coming back season after season and tenants happy with their living arrangements Currently configured as three rental units, the property offers flexibility for investors, seasonal rental operators, or buyers looking to restore a piece of local history. Originally constructed as a mercantile building before evolving into a residence and later a triplex, the property has been adapted to changing needs for nearly 140 years and is ready for the next chapter. With current rental rates below market and all three units offering seasonal rental potential, there are multiple paths to increasing value. Whether your goal is short-term rentals, long-term income, or a thoughtful restoration, the opportunity is clear. At less than $133,000 per unit, opportunities like this are becoming increasingly difficult to find. This is not a turnkey property, but for buyers willing to roll up their sleeves, it offers a remarkable view, easy access to the lake, and the chance to create significant value through vision, patience, and effort. The neighboring property may also be available. Ask for details.

Location

State MI

County Grand Traverse

Area Fife Lake Twp (28004)

Zoning Other

Rooms

Basement MI Basement

Dining Room Breakfast Nook/Room

Kitchen Breakfast Nook/Room

Interior

Heating Baseboard, Hot Water, Other-See Remarks

Cooling Ceiling Fan(s), Exhaust Fan, Other

Appliance Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Exterior

Exterior Feature Other

Building

Story 2 Story

Foundation Slab

Water Private Well

Structure Type Other

Schools

School District Forest Area Community Sd

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Exchange/Trade

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Cygnus Real Estate

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Tracy Butcher

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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118 E State Street