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18278 Swiss Drive Spring Lake, MI 49456-9740
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Key Details
Sold Price $905,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70418310
Sold Date 09/17/24
Annual Tax Amount $8,618
Tax Year 2023
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 (70014)
Rooms
Basement Walk Out
Interior
Heating Radiant
Exterior
Exterior Feature Aluminum, Brick, Wood
Amenities Available Laundry Facility
Waterfront No
Building
Foundation Slab
Water Public Water
Structure Type Aluminum,Brick,Wood
Schools
School District Grand Haven City School District
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Five Star Real Estate Lakeshore LLC
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