$905,000
$950,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
18278 Swiss Drive Spring Lake, MI 49456
0.33 Acres Lot
Key Details
Sold Price $905,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Spring Lake Twp
MLS Listing ID 24035859
Sold Date 09/17/24
Annual Tax Amount $8,618
Tax Year 2023
Lot Size 0.329 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 North Ottawa County - N
Direction N Shore Rd to Parkwood Dr. Left on Alpine Dr.
Rooms
Basement Slab, Walk-Out Access
Interior
Heating Radiant
Cooling Window Unit(s), Wall Unit(s)
Fireplaces Number 2
Laundry Common Area
Exterior
Parking Features Asphalt, Driveway, Concrete
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Storm Sewer
View Y/N No
Total Parking Spaces 10
Building
Sewer Public Sewer
Structure Type Aluminum Siding,Brick,Wood Siding
New Construction No
Schools
School District Grand Haven
Others
Tax ID 70-03-08-383-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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