$935,000
$1,200,000
22.1%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with R1 Property Group
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