Discover an Exceptional Investment Opportunity at 1159 South Shore Drive!
Step into a piece of history with this charming historical motel, ideally located just across the street from the bustling Central Market grocery store and mere steps away from the serene beauty of Lake Macatawa with 3 access points and beach.
Offering 14 fully operational monthly rentals, including a cozy garage apartment and a private residence, and 13 units in the old motel, this property presents a unique opportunity for investors looking to capitalize on a an extended stay market that could allow shorter term 30 day rentals.
With current NMU zoning regulations allowing for 1 short-term rental, the potential for increased revenue is immense if turned into a condo building or going for a non conforming rezoning. Imagine the possibility of adding a second floor maximizing your income potential and catering to the growing demand for vacation accommodations in this sought-after location. The back portion of the property is zoned CNR Cottage neighborhood residential, so you could build 2 homes if the garage was taken down.
61 days
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781
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Zillow last checked:
Listing updated:
Listed by:
Tammy L Kerr616-218-0873,
BHG Connections269-400-5400
Source: MichRIC,MLS#: 26026540
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 13
Heating
Forced Air
Cooling
Central Air
Features
Basement: Full,Slab
Property
Parking
Total spaces: 20
Parking features: Concrete, Driveway
Features
Waterfront features: Lake
Lot
Size: 0.8 Acres
Dimensions: 100 x 350
Features: Level
Details
Parcel number: 701535286001
Zoning description: NMU
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Brick, Stone, Wood Siding
Roof: Composition
Condition
New construction: No
Year built: 1950
Utilities & green energy
Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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