$537,500

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 $5450 for all 3 together to sleep 20 people in 8 bedrooms, 5 baths, 1 laundry, 3 kitchens, 3 lakeside decks or patios. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottages with new flooring. Plus a 3 bedroom, 2 bath connected to another 3 bedroom (1 is thesleeping loft), 2 bath. $15,000 new septic installed April 2017. Last 6 years averaged $47,000+ in rental income for the summer.

Details

MLS#19046302
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1950
Days On Site129

Features

Bed(s)8
Bath(s) 5 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:
$537,500
low | high
Med:
$234,450
100% of Average
SqFt:
2,373
low | high
Med:
1,364
92.5200168563% of Average
$ / SqFt:
$227
low | high
Med:
$171
74.499683296237% of Average
On Site:
129
low | high
Med:
153
84.313725490196% of Average
Listing Updated: 01/26/2020
MLS Number: 19046302
Listing Provided By:
Andrea L Crossman  of  Coldwell Banker Woodland Schmidt
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