8532 Silver Lake, Mears, MI 49436
$534,900

City: Mears
State: MI
Zip: 49436
Price: $534,900
Beds: 8
Baths: 4.00
Year Built: 1950
External Material: Wood Siding
Roofing: Composition
Substructure: Crawl Space||Slab
Exterior Features: Deck(s)
Water: Well
Air Conditioning: Central||Window Unit
Heat Source: Propane
Fireplace: Living
Out Building: Storage Shed
Additional Items: All Window Treatments||Ceiling Fans||Ceramic Floor||Wood Floor
Square Feet: 2,650
Lot Size: 60 x 40 x 60 x 250
Acres: 0.4000
Driveway: Unpaved
Street Type: Paved||Public
Sewer: Septic System
MLS Number: 18004585
Waterfront: Yes
Body of Water: Silver Lake
Water Frontage: 60
WaterFeatures: All Sports||Dock||Private Frontage||View
Full Description: 3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 & put over $100,000 into these cottages. All 3 have new/newer roofs & flooring. Dock, sandy beach area. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake & could be sold off separately by turning into condominium units. Weekly summer rentals at $4950 for all 3 together. Sleeps 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks/patios. 2008 appraisal at $615,000 before many improvements. Legal is lots 14 & 35 (beach front) of Adelia Beach. Two 2 bedroom, 1 bath cottages w/new flooring, baths and remodels. 4 bedroom, 2 bath cottage w/large deck, new roof. Over $46,000 income for summer 2016 and $42,214.67 for 2017. Seller is licensed agent.

Tools

View a map of the area
Printer Friendly Version of This Page

 

Contact Us about this listing!
(616) 784-5115 or info@jharperealty.com

Listing Agent Contact Info:
Andrea L Crossman
Coldwell Banker Schmidt Realtors


Copyright 2012 SWMRIC, LLC. All rights reserved.
Information Deemed Reliable But Not Guaranteed.