Welcome to 416 Lake St, an exceptional investment or house hacking opportunity! This versatile duplex in the heart of downtown Howell is just steps from Thompson Lake and all the charm this vibrant community has to offer. This thoughtfully designed property features two updated units with private entries, each with 2 bedrooms, full bathroom, and first floor in-unit laundry. Spacious living areas with newer flooring and kitchens come with appliances included, making both units move-in ready and easy to lease with high demand. Situated on a large lot with plenty of parking in the rear and multiple storage sheds, offering both convenience with flexibility. Walk to downtown restaurants, shops, the lake, and neighborhood parks from this ideal location. Dual-purpose property with the potential to convert back to a single-family home, giving you multiple options for future use. Whether you're looking to add to your rental portfolio, house hack by living in one unit while renting the other, or secure a solid investment with built-in rental income, this duplex checks all the boxes. In addition, it offers an attractive upside as rents are currently below market, providing an immediate path to increased cash flow and maximized returns. Don't miss out on this rare opportunity in one of Howell's most walkable and sought-after neighborhoods!