$1,050,000
8 Beds
3, 2 half Baths
7,836 SqFt
0.12 Acre Lot
5,227 Sqft Lot

Courtesy of Grand Rapids Realty & Investments LLC, Frank N Roberts.

Description

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.

Property Details and Features

Property Access

  • Paved

Appliances and Equipment

  • Built in Oven
  • Cook Top
  • Dishwasher
  • Dryer
  • Freezer
  • Garbage Disposal
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Washer

Bathrooms

  • 5 total bathroms
  • 3 full bathrooms
  • 2 half bathrooms
  • 2 upper floor full bathrooms
  • 1 upper floor half bathroom
  • 1 main floor half bathroom
  • 1 lower floor full bathroom

Bedrooms

  • 8 bedrooms
  • 6 bedrooms above grade
  • 6 upper floor bedrooms
  • 2 lower floor bedrooms

House

  • Built in 2005
  • 21 rooms above ground
  • Design: Other
  • Accessibility features: No
  • 3,918 upper level square feet
  • 0 main level square feet
  • 3,918 lower level finished square feet
  • 1,313 lower level square feet
  • Other
  • Bay/Bow
  • Insulated
  • Low E
  • Replacement
  • Skylight
  • Storms

Cooling

  • Central

Exterior Features

  • Other
  • Vinyl Siding

Fireplaces

  • 3 fireplaces
  • Fireplace
  • Bathroom
  • Den/Study
  • Family
  • Master Bedroom
  • Other Bedroom

Garage

  • Garage
  • 2
  • Attached

Water

  • Deck(s)
  • Patio
  • Porch(es)
  • Well
  • All Sports
  • Dock
  • Private Frontage
  • Public Access 1 Mile or Less
  • Electric
  • Lake

Heating

  • Electric
  • Natural Gas
  • Forced Air

Home Owner’s Association

  • None

Kitchen

  • Breakfast Nook
  • Center Island
  • Desk Built-In
  • Eating Area
  • Mud Room Access
  • Pantry
  • Snack Bar

Listing

  • Listing ID: 20033711
  • List price: $1,050,000

Location

  • 8764
  • Garbow
  • Drive
  • SE
  • City: Alto
  • MI
  • 49302
  • County: Kent
  • Directions: Campau lake just south of 68th and whitneyville Kettle lake elementary school on corner
  • Cross streets: Whitneyville and 68th
  • Paved

Lot

  • 50 X 100 X 50 X 100 lot dimensions
  • Lot measured in square feet
  • 5,227 lot square feet
  • 0 acres
  • Cul-De-Sac
  • Recreational

Pool

  • Outdoor/Above

Property

  • Property type: A
  • Zoning: RES
  • Property subtype: Single Family Residence
  • Water access
  • Decor Fence
  • Flower Garden
  • Shrubs/Hedges
  • Terraced Yard
  • Waterfall
  • No
  • Unknown

Roof

  • Metal

Schools

  • School district: Caledonia

Taxes

  • $10,129 annual property tax
  • Tax year: 2019

Utilities

  • Public
  • Broadband
  • Cable
  • Electric
  • Natural Gas
  • Public Sewer
  • Telephone Line
  • Cable
  • Natural Gas