18278 Swiss Drive, Spring Lake, MI 49456
$905,000 - Sold
- MLS#: 24035859
- Number of Units: 10
- Type: 5+ Units
- School District: Grand Haven
- County: Ottawa
- Taxing Authority: Spring Lake Twp
- Year Built: 1
- Basement: No
- Air: Wall Unit(s),Window Unit(s)
- Lot Size: 96 X 100
- Square Footage: 0
- Exterior: Aluminum Siding, Brick, Wood Siding
- Water: Public
- Acreage: .33
- Heat: Radiant/Natural Gas
- PPN: 70-03-08-383-002
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Electric,Natural Gas
- Utilities Available at Street: Cable,Electric,Natural Gas,Public Sewer,Public Water,Storm Sewer,Telephone Line
- Extras: Laundry Facility,Sep Electric Meter,Tenant Storage
- Lot Description:
- Frontage/Type: 96 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $950,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: N Shore Rd to Parkwood Dr. Left on Alpine Dr.
- 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.
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