This property is utilized as a vacation rental with a 20% ROI and if you use the income approach the value is solid. It produces over 200k a year in revenues. We are primarily interested in selling to a buyer who would plan to rent it out. We have a vacation rental company that will rent this location with over 30k clients and over 20 properties. The cottage next door produces over 30k in revenue and would prefer to sell them together for an additional 225k. Owner is a licensed Realtor in the State of Michigan.
Kitchen Features: Center Island, Pantry, Snack Bar, Eating Area, Desk Built-In, Mud Room Access, Breakfast Nook
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Garbage Disposal, Microwave, Oven, Cook Top, Built in Oven, Freezer
Heating & Cooling
Heat Type: Forced Air
Heat Source: Electric,Natural Gas
Nearby Homes For Sale
Our Trusted Mortgage Partner
@Home Realty has made Lake Michigan Credit Union our go-to mortgage partner because, like us, they strive to deliver superior service and real value to their customers. They live in the Lakeshore communities they serve and they’re good people and good neighbors. They work with us to design a loan package that includes competitive rates and terms, tailored to your specific needs! So whether you’re building, buying, or investing, they’ll help you every step of the way!