11585 Ramsdam Rd Manistique, MI 49854
This exceptional investment opportunity presents a thriving multifamily resort nestled on the shores of beautiful Thunder Lake in Manistique, Michigan. The property boasts 100 feet of prime lakefront and encompasses a 3-bedroom, 2,500 square-foot main house, along with four additional private cabins, perfect for short-term rentals. An expansive, nearly 1,500 square-foot lakeside deck enhances the property's appeal. The total square footage of all structures is 4,826 square feet, situated on a 1.09-acre lot. The property is currently generating a strong revenue stream from summer rentals, capitalizing on the region's popularity for outdoor recreation. Visitors are drawn to the area's natural beauty, including the Hiawatha National Forest and Pictured Rocks National Lakeshore, offering abundant opportunities for fishing, hiking, biking, swimming, boating, and exploring lighthouses and waterfalls. The main house provides comfortable on-site living, or can be incorporated into the rental program for increased income potential. Manistique's economic growth is further bolstered by initiatives like InvestUP, which supports local businesses and workforce development, including housing projects. This creates a stable and promising environment for long-term investment growth. The asking price for this turnkey operation is $649,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.