8540 W Silver Lake Road
Mears, MI 49436

Description

3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake. Weekly summer rentals at $4650 for all 3 together to sleep 20 people. 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottage with new flooring. Plus a 3 bedroom, 2 bath connected to another 3 bedroom, 1 bath. $15,000 new septic installed April 2017. 2018 rental income $47,000. 2017 rental income $50,918. 2016 rentals totaled $50,294.

Details

MLS#19002139
StyleHouse
Sub-TypeResale
StatusActive
Year1950
Days On Site182

Features

Bed(s)7
Bath(s) 4 Full
SQ Feet2,373
Story(s)1.0
Acreage0.40
Water FrontYes
Property ViewYes

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Area Information

StateMI
CountyOceana
CityMears
Zip Code49436
AreaMasonOceanaManistee - O
Community NameGolden Twp
School DistrictHart
Listing VS Median (in Golden Twp)
Price:
$543,000
low | high
Med:
$259,000
100% of Average
SqFt:
2,373
low | high
Med:
672
100% of Average
$ / SqFt:
$229
low | high
Med:
$385
18.43347145488% of Average
On Site:
182
low | high
Med:
23
100% of Average
Listing Updated: 07/17/2019
MLS Number: 19002139
Listing Provided By:
Andrea L Crossman  of  Beacon Sothebys International Realty
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