Description
Cash-flowing vacation rental for sale close to Lake Michigan in Harbor Country. Motivated seller! Features 2 units: a 2,500 SF home, 600 SF guesthouse, 900 SF unfinished basement. The property currently has occupancy for a total of 21 & parking for 20 vehicles. Estimated 7.9% capitalization rate for a year round short term rental operation. Financials available with signed confidentiality agreement. This is a turn-key operation, any items of sentimental value to the owner may be excluded from sale. Fenced back yard of 4,000 SF for outdoor events & 0.96-acre lot offers ample expansion opportunities. Zoned C (Commercial) with grandfathered use of Seasonal Resort Home under previous ordinance. Lease-option contract available with seasonal rent adjustment. Interior photos available - see agent
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0BEDS
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0.96ACRES
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0BATHS
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01/2 BATHS
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3,100SQFT
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$116$/SQFT
Description
Cash-flowing vacation rental for sale close to Lake Michigan in Harbor Country. Motivated seller! Features 2 units: a 2,500 SF home, 600 SF guesthouse, 900 SF unfinished basement. The property currently has occupancy for a total of 21 & parking for 20 vehicles. Estimated 7.9% capitalization rate for a year round short term rental operation. Financials available with signed confidentiality agreement. This is a turn-key operation, any items of sentimental value to the owner may be excluded from sale. Fenced back yard of 4,000 SF for outdoor events & 0.96-acre lot offers ample expansion opportunities. Zoned C (Commercial) with grandfathered use of Seasonal Resort Home under previous ordinance. Lease-option contract available with seasonal rent adjustment. Interior photos available - see agent