Attention investors: this proven performer on West Michigan's Art Coast offers a projected 9.5% cap rate, minutes from Saugatuck, Douglas, and Lake Michigan beaches. PRICED well below independent appraisal! The home currently operates as a successful short-term rental with 5-star ratings. It also meets the standards for a Short Term Rental under the Township's new ordinance. This 4,000 sq. ft. modern farmhouse sits on 2.58 private acres. Commercial zoning adds flexibility for an on-site office or a live-work setup. Four bedrooms (two en-suite) sleep 8, and a movie room and library can flex as extra guest space. Pool, croquet and bocce courts, Thermador kitchen, and 10' ceilings throughout. Solar power, EV charging and heated 6-car garage. An adjacent 2-acre vacant lot is also available. Furnishings are negotiable.
Listing Courtesy of RE/MAX of Grand Rapids (FH), Office Phone: 616-957-0700

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Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.