Dowagiac, MI 49047,93283 County Road 690

$935,000

$1,200,000

22.1%
Est.Price: ?

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Est. payment /mo

5 Beds

3 Baths

3,369 SqFt


SOLD DATE : 06/21/2024

Key Details

Sold Price $935,000

Property Type Single Family Home

Sub Type Farmhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,369 sqft

Price per Sqft $277

MLS Listing ID 69023137201

Sold Date 06/21/24

Style Farmhouse

Bedrooms 5

Full Baths 3

HOA Y/N no

Originating Board Southwestern Michigan Association of REALTORS®

Year Built 1900

Annual Tax Amount $6,674

Lot Size 3.930 Acres

Acres 3.93

Lot Dimensions Irregular

Property Description

Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8.Startgenerating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price!

There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue.

Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!

Location

State MI

County Van Buren

Area Keeler Twp

Direction M152 East, Turn South On County Road 690. Property on Left next to The Strand Brewery

Interior

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Detached

Pool No

Waterfront no

Waterfront Description Lake/River Priv

Water Access Desc All Sports Lake

Garage yes

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary)

Water Well (Existing)

Architectural Style Farmhouse

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District Dowagiac Union

Others

Tax ID 801203212710

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by R1 Property Group
Bought with R1 Property Group
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