$235,000
Bear Lake, MI 49614
MLS# 26007850
1 / 42
Property Description
Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio. Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Details
Maps
Location & Property Info
Cross Streets: South Shore Drive
Property Sub-Type: 2 to 4 Units
Municipality: Bear Lake Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 140x 261/130
Road Frontage: 140
Waterfront: No
Basement: No
Total # Units: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Bear Lake
Lot Measurement: Acres
Lot Square Footage: 29185
Lot Acres: 0.67
Year Built: 1992
Tax Info
Taxable Value: 46504
SEV: 114000
For Tax Year: 2025
Seller's Annual Property Tax: 2130
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: none known
Tax ID #: 02-641-734-30
Remarks & Misc
Public Remarks: Charming Bear Lake duplex with solid income potential!
This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio.
Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate.
Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.
Legal: WILDWOOD LOTS 5, 7 & 8 & N 26 FT OF LOTS 9 & 10 BLOCK 19. SALE(76) 3344 0770 (93) 20 1584 0318, 5 1584 0319 (96) 3631 0051 (98) 3683 0039 (00) 800 4741 0163 (02) 3785 0055 (09) QC 2009R005108
Waterfront Options
Water Access Y/N: No
Water Fea. Amenities
Public Access 1 Mile or Less: 1
Lot Description
Recreational: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
High Speed Internet: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Septic Tank: 1
Water
Well: 1
Terms Available
2nd Mortgage: 1
Cash: 1
Conventional: 1
FHA: 1
MSHDA: 1
Rural Development: 1
VA Loan: 1
Mineral Rights
Yes: 1
Unknown: 1
Laundry Features
Electric Dryer Hookup: 1
Gas Dryer Hookup: 1
Exterior Material
Vinyl Siding: 1
Roofing
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Asphalt: 1
Substructure
Crawl Space: 1
Extras
Garages: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Tenant Storage: 1
Owner Pays
None: 1
Unit 1
Unit Description: Unit #14
SqFt: 768
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Garage: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Unit 2
Unit Description: Unit #18
SqFt: 768
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Garage: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Manistee
Street #: 12218
Street Name: 7th
Suffix: Street
State: MI
Zip Code: 49614
Zip (4): 9501
OfficeContract Info
Status: Active
Current Price: $235,000
List Price: $235,000
Listing Date: 2026-03-03
Property Features
Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup
Exterior Material: Vinyl Siding
Roofing: Metal
Substructure: Crawl Space
Lot Description: Recreational
Sewer: Septic Tank
Water: Well
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: High Speed Internet
Extras: Garages; Sep Electric Meter; Sep Gas Meter; Tenant Storage
Owner Pays: None
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Asphalt
Street Type: Paved; Public
Mineral Rights: Yes; Unknown
Terms Available: 2nd Mortgage; Cash; Conventional; FHA; MSHDA; Rural Development; VA Loan
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Garage; Range Oven; Refrigerator; Sep. Heat System
Unit 2: Garage; Range/Oven; Refrigerator; Sep. Heat System
Listing Office: Essential Real Estate
Listing Agent: Jenna Mahoney
Last Updated: March - 03 - 2026
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