Two-Duplex Residential Income
For Sale
$598,000
10195 S Lake Station, Lake, MI 48632
MULTI_FAMILY - Ranch - Lake, MI
Property Size8,128 SF
Lot Size1.25 Acres
Price / SF$73.57
Days on Market411
Property Features for 10195 S Lake Station
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 2, Bedroom 8, Bathroom 1, Bedroom 4
Parking features
Garage
Appliances
Range/Oven, Refrigerator
Subdivision
metes & bounds
Lot features
Unpaved
Elementary school district
Farwell Area Schools
Middle school district
Farwell Area Schools
High school district
Farwell Area Schools
Standard status
Active
APN
18-013-026-100-08
Size
8,128 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Heating system
Baseboard
Cooling system
Central Air
Water source
Private
Building Details
Year built
1999
Floors in Building
1
Number of units
4
Architectural style
Ranch
Listing Agency:
REISS REAL ESTATE INC.
(989) 588-9621
Listed By:
ALAN REISS · License #6502123263
(989) 588-9621
Added: Jun 16, 2025
Changed: Jul 29
Last Checked: Jul 31 at 5:06PM
MLS# 50178503
Copyright © 2026 Clare Gladwin Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property consists of two separate duplex structures in Clare County, with two units per building. Each unit includes two bedrooms, one full bathroom, and an open living/dining/kitchen area with a pantry. Units are equipped with central heat/air and include an attached garage. Each structure is served by its own well, and there is a private deck storage room for additional tenant use. The property is described as well maintained and currently has tenants in possession on all units.
The buildings are located just south of the Village of Lake, near Crooked Lake and Perch Lake, with blacktop road frontage on Lake Station Avenue. The listing notes that the seller will sell and split the property into a South duplex and a North duplex, subject to land division approval for the divisions.
Land division approval will be required to complete the split, and advance appointment is required to view the property due to tenants currently in place.
The buildings are located just south of the Village of Lake, near Crooked Lake and Perch Lake, with blacktop road frontage on Lake Station Avenue. The listing notes that the seller will sell and split the property into a South duplex and a North duplex, subject to land division approval for the divisions.
Land division approval will be required to complete the split, and advance appointment is required to view the property due to tenants currently in place.
Key Highlights
- Ranch‑style property built in 1999 with two structures, each containing 2 units
- Each unit offers 2 bedrooms and 1 full bath with an open living/dining/kitchen layout
- Central heat/air in each unit, plus baseboard heating
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 48632, MI
4,987
Population
4,389
Households
1.1
Avg Household Size
52
Median Age
14%
College-Educated
90%
High-School Grad
123.2 sq mi
ZIP Area
40
Density / Sq Mi
$51,740
Median Household Income
$30,467
Median Earnings
$846
Median Rent
$130,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two well-maintained duplex structures offer four 2-bedroom units with central heat/air, attached garages, and private deck storage.
Where is this multifamily property located?
The property is located at 10195 S Lake Station Lake, MI.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Ranch‑style property built in 1999 with two structures, each containing 2 units; Each unit offers 2 bedrooms and 1 full bath with an open living/dining/kitchen layout; Central heat/air in each unit, plus baseboard heating
