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Nate Paulus
R1 Property Group
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Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8.Startgenerating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price! There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue. Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!
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Total Bedrooms : 5
Total Baths: 3
Full Baths: 3
Heating: Forced Air
Heating Fuel: Natural Gas
Year Built: 1900
Building Stories: 2 Story
Foundation/Basement: Crawl
Architecture: Farmhouse
Construction: Vinyl
Sewer: Public Sewer (Sewer-Sanitary)
Well (Existing)
Lot Size: 3.93
Lot Dimensions: Irregular
Frontage Feet: 50
Waterfront: All Sports Lake
Waterfront Description: Lake/River Priv
SQ ft: 3369
Financing: Cash,Conventional
Original List Price: $1,200,000
Possession: At Close
Legal Description: Long Legal - On File
Annual Tax: $6,674
Parcel Number: 801203212710
At Close
Legal Description: Section: Long Legal - On File
Has Garage: Yes
Garage Description: Detached
School District: Dowagiac Union
Water:Well (Existing)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
VL Dutch Settlement , Dowagiac, MI,49047 | $99,900 | -- | -- | -- | 11.69 Acres |
VL Morel Circle , Dowagiac, MI,49047 | $69,900 | -- | -- | -- | 3.93 Acres |
Crystal Springs St Street, Dowagiac, MI,49047 | $150,000 | -- | -- | -- | 19.2 Acres |
TRACT #9 Walnut Road, Dowagiac, MI,49047 | $37,730 | -- | -- | -- | 5.39 Acres |
TRACT #10 Walnut Road, Dowagiac, MI,49047 | $123,045 | -- | -- | -- | 18.93 Acres |
TRACT #11 Lakeview Drive, Dowagiac, MI,49047 | $99,970 | -- | -- | -- | 15.38 Acres |
TRACT 2 Walnut Street, Dowagiac, MI,49047 | $22,120 | -- | -- | -- | 3.16 Acres |
VL Dutch Settlement, Dowagiac, MI,49047 | $99,900 | -- | -- | -- | 11.69 Acres |
VL Morel Circle #33, Dowagiac, MI,49047 | $69,900 | -- | -- | -- | 3.93 Acres |
52525 Dorchester Avenue, Dowagiac, MI,49047 | $12,000 | -- | -- | -- | 0.65 Acre |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/11/2024 @ 14:20
MLS: 590277010
LISTED BY: Nate Paulus , R1 Property Group
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.50%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.