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Four-Cabin Waterfront Multifamily Property

1249 N CROOKED LAKE Drive, Lake, MI 48632

For Sale
$599,900
Pending

Multifamily, 1 Story, Garfield Twp, MI

Property Size3,164 SF
Lot Size0.34 Acres
Days on Market600

Property Features for 1249 N CROOKED LAKE Drive

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Zoning Multi-Family
Bedrooms 9
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bathroom 3, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 2
Pets allowed Dogs OK, Cats OK
Subdivision LAKEWOOD SUB
Elementary school district Farwell
Middle school district Farwell
High school district Farwell
Directions South of Eight Point Lake Rd, West of Woodland Drive
Standard status Pending
APN 01329000150
Size 3,164 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Description T17N R6W SEC 22 1249 N CROOKED LAKE DR LOTS 1 & 2 LAKEWOOD SUB AND PART OF VAC CARSON ST DESCRIBED AS BEG AT NE COR OF LOT 1 LAKEWOOD SUB TH S55 DEG 14'50"W 156.60 FT ALG N L OF LOTS 1 & 2 TH N34 DEG 56'25"W 16 FT ALG W L OF LOT 2 EXTENDED TH N48 DEG 23'45"E 114.37 FT TH N54 DEG 55'20"E 63 FT TO A PT ON E L OF LOT 1 EXTENDED TH S01 DEG 12'E 36 FT BK TO POB. FKA UNITS 1-4 CROOKED LAKE CONDOS FROM 001-01, 001-20, 001-30 & 001-40 2003 COMBINE
Tax Annual Amount 6756
Legal Description T17N R6W SEC 22 1249 N CROOKED LAKE DR LOTS 1 & 2 LAKEWOOD SUB AND PART OF VAC CARSON ST DESCRIBED AS BEG AT NE COR OF LOT 1 LAKEWOOD SUB TH S55 DEG 14'50"W 156.60 FT ALG N L OF LOTS 1 & 2 TH N34 DEG 56'25"W 16 FT ALG W L OF LOT 2 EXTENDED TH N48 DEG 23'45"E 114.37 FT TH N54 DEG 55'20"E 63 FT TO A PT ON E L OF LOT 1 EXTENDED TH S01 DEG 12'E 36 FT BK TO POB. FKA UNITS 1-4 CROOKED LAKE CONDOS FROM 001-01, 001-20, 001-30 & 001-40 2003 COMBINE

Utilities

Sewer type Septic Tank
Heating system Forced Air, Wall Furnace
Cooling system Ceiling Fan(s)
Water source Well
Water front features Waterfront
Water front 1

Amenities

storage sheds
she sheds
firepit
barbeque
sandy beach area
docks

Building Details

Year built 1945
Floors in Building 1
Number of units 4
Building materials Vinyl
Architectural style Ranch
Buildings 4
Listing Agency: MHR Real Estate LLC
Listed By: Kelly L Kowalski · License MI #6501346858
Added: Mar 23, 2025 Changed: Nov 12 Last Checked: Nov 12 at 7:06AM
MLS# 20250019512

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This ranch-style multifamily property comprises four cabins totaling 3,164 square feet on a 0.34-acre parcel. The improvements include 9 bedrooms and 4 bathrooms, with recent updates to the roofs, bathrooms, and seawall. Vinyl construction, wall furnaces, forced-air heating, ceiling fans, a private well, and septic service are also in place. The property was built in 1945 and is zoned Multi-Family.

Waterfront access extends along 109 feet of all-sports Crooked Lake, with a vinyl seawall, sandy beach area, two docks, and a firepit. Site improvements include three storage sheds, two additional sheds identified for guest use, a large barbecue, and a large parking area. The four-cabin configuration supports a range of residential occupancy arrangements, including personal use and rental use as described for the property.

Key Highlights

  • Four cabins totaling 3,164 square feet
  • 109 feet of waterfront on all‑sports Crooked Lake
  • 9 bedrooms and 4 bathrooms

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Four updated cabins offer flexible residential income and personal-use possibilities on Crooked Lake.
Where is this multifamily property located?
The property is located at 1249 N CROOKED LAKE Drive Lake, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four cabins totaling 3,164 square feet; 109 feet of waterfront on all‑sports Crooked Lake; 9 bedrooms and 4 bathrooms
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