$905,000
$950,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
0.33 Acres Lot
SOLD DATE : 09/17/2024
Key Details
Sold Price $905,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024035859
Sold Date 09/17/24
Bedrooms 10
Originating Board Greater Regional Alliance of REALTORS®
Annual Tax Amount $8,618
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 96 X 100
Property Description
Investment opportunity to own 10 apartment units in highly sought-after Spring Lake. This sale includes a 4 unit building (18270 Swiss) and a 6 unit building (18278 Swiss), on separate parcels. Close to Coast Guard Park, Ottawa Sands, North Beach and many other attractions West Michigan has to offer. There is coin operated laundry in the common areas. With some utilities split, there is a value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense. Rents are below market rates. Many of the units have new paint, flooring and updates. With limited rental product in Spring Lake it makes this an incredible value add opportunity.
Location
State MI
County Ottawa
Area Spring Lake Twp
Zoning Multi-Family
Direction N Shore Rd to Parkwood Dr. Left on Alpine Dr.
Rooms
Basement Walkout Access
Interior
Interior Features Other, Laundry Facility, Cable Available
Heating Radiant
Cooling Wall Unit(s), Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 10.0
Pool No
Waterfront no
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Structure Type Aluminum,Brick,Wood
Schools
School District Grand Haven
Others
Pets Allowed Yes
Tax ID 700308383002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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