790 Lake Street new Save Request In-Person Tour Request Virtual Tour
Saugatuck,MI 49453
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 71025042452
Bedrooms 3
Year Built 1905
Annual Tax Amount $12,877
Lot Size 0.640 Acres
Property Description
Exceptional Multi-Family Investment in Downtown Saugatuck. Incredible opportunity to own a premier multi-family property in the heart of Saugatuck with harbor views and an unbeatable location. Offering 3,434 sq. ft. across three distinct units, this property is ideal for an investor seeking income potential or for an owner-occupant looking to offset expenses with rental income.The main level features 2 bedrooms, 2 full baths, a spacious kitchen, dining room, living room, breakfast nook, wet bar, and covered porch. The front upper unit offers 2 bedrooms, 1 bath, full kitchen, living room, and porch with water views. The rear upper unit includes 1 bedroom, 1 bath, kitchen, living area, and private porch overlooking the pool and backyard. The lower level currently serves as storage and a laundry facility for the property.Beautifully landscaped grounds include two koi ponds, fire pit, patio, and a newer in-ground pool with fenced enclosure. Parking is generous with 7 spacesplus a 2-stall garageeasily converted into an amazing game or recreation room to enhance rental appeal.
Just steps from 2 amazing communities, this location offers the best of both worlds: stroll into downtown Saugatuck to enjoy restaurants, shops, galleries, and the waterfront boardwalk, or cross into Douglas for a quieter small-town experience.
Currently operated as a residence with two short-term rental units, this property comes with a transferable STR certificate, making it a rare and flexible investment opportunity.
Location
State MI
County Allegan
Area Saugatuck
Zoning Residential
Interior
Heating Forced Air
Cooling Central Air
Laundry 1
Exterior
Garage Spaces 7.0
Waterfront Description River Front
Roof Type Composition
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Water Public (Municipal)
Structure Type Vinyl
Schools
School District Saugatuck
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/25042452