For Sale
351 W Main Street, Vanderbilt, MI 49795
$185,900
MLS # 50209253 (MiRealSource)
Built 19860.19 acres
1 / 22
Listing Description
Multi-unit investment opportunity in Vanderbilt, just minutes from Gaylord and nearby hospital access. This property offers flexible rental potential with three units and is well-positioned for furnished mid-term rental use, including traveling nurses and short-term tenants. Seller reports strong demand through Furnished Finder and is currently transitioning the property toward fully furnished rentals. One unit is currently occupied at $1,600/month, while the other units are expected to be vacant. Seller projects higher rental potential during the summer season when operated as furnished units. Recent improvements include a newer roof, rebuilt exterior wall section, updated flooring, refinished walls, insulated roof work, recessed lighting, and two solar vents added to help with prior ice dam concerns. The property includes a well, brand-new septic system, multiple storage buildings, a 12x10 outbuilding with loft, furnishings, rugs, décor, picnic table, firepit, lawnmower, and additional materials the seller may leave with the sale. Exterior cleanup and finishing touches are still needed, but much of the setup is already in place for someone looking to operate furnished rentals in a resort-area market.
Source: SparkMLS
About this home
This 3-bath home built in 1986 sits in Vanderbilt Village in Vanderbilt.
Asking $185,900.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.19 acres
Year Built1986
Location
CityVanderbilt
MunicipalityVanderBilt
Zip Code49795
CountyOtsego
Construction & Systems
ConstructionBlock, Wood Siding
HeatingWall Furnace
Sale & Financing
Listed5/27/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Troy Schearer
JPAR - Great Lakes Bay Region
Frequently Asked Questions about 351 W Main Street, Vanderbilt, MI 49795
What type of financing is accepted for this listing?
Per MLS# 50209253, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 351 W Main Street, Vanderbilt, MI 49795 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What utilities serve 351 W Main Street, Vanderbilt, MI 49795?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the VanderBilt police department or the Otsego County sheriff's office.
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Monthly payment$1,206
Principal & interest$1,206
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
351 W Main Street, Vanderbilt, MI 49795
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Municipality
Vanderbilt Village
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