287 S Third Avenue, Fruitport, MI 49415 (MLS# 21023348)

287 S Third Avenue, Fruitport, MI 49415

$1,585,000

Possible Split Available - Call For Details

Property Type: Multi Family Lot Size (sq. ft.): 72,921 Status: Sold

Current Price: $1,585,000 List Date: 6/18/2021 Last Modified: 3/21/2024

Overview

Description

Here's your chance to own and invest in an established income property situated on over 200ft of Spring Lake frontage! Located in close proximity to Pomona Park and just a short stroll away from Village restaurants, this beautiful compound is booming with even further potential. Currently used for long-term rental income, this property offers SEVEN units (not including the waterfront owner's suite) + 7 garages and an amazing 24'x72' pole barn. The 3 bedroom, 2.5 bath owner's suite has been updated with floor to ceiling windows and a beautiful 3-season room that allows you to enjoy the panoramic views from the comfort of your home all year round. Short-term rentals allowed, consider converting to condos, and/or possible future splits available.

Supplements: This property is the perfect opportunity for the creative investor. Call for details.

Listing Details MLS# 21023348

Location Property Info

County: Muskegon
Street #: 287
Street Direction: S
Street Name: Third
Suffix: Avenue
State: MI
Zip Code: 49415
Zip (4): 9655

General Property Info

Lot Measurement: Acres
Lot Square Footage: 72921
Lot Acres: 1.67
Lot Dimensions: 288x206.5x318
Year Built: 1970
New Construction: No
Financial Available: Yes
Road Frontage: 288
Total # Units: 8
# of Diff Unit Floor Plans: 8
Total # Bldgs: 2
Total Parking Spaces: 18
Waterfront: Yes
Body of Water: Spring Lake
School District: Fruitport

Tax Info

Tax ID #: 41-400-000-0001-00
Taxable Value: 497500
SEV: 497500
For Tax Year: 2019
Seller's Annual Property Tax: 9205
Tax Year: 2020
Homestead %: 35
Spec Assessment & Ty: None Known
Zoning: R-2

Remarks Misc

Directions: From W Fruitport Rd, South on S 3rd Ave. Property is on West side of Road.

Status Change Info

Under Contract Date: 2022-01-18
Sold Date: 2022-03-11

More Information

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 206

Access Feat

Accessibility Features: No

Unit 1

Unit Description: 1 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 2

Unit Description: 1 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 3

Unit Description: 2 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 4

Unit Description: 2 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 5

Unit Description: 2 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 6

Unit Description: 2 Bed/1 BA
Occupied: Yes
Bathrooms: Yes

Unit 7

Unit Description: Townhouse
Bathrooms: 2

Unit 8

Unit Description: Owner's Suite
Occupied: Yes
Bathrooms: 3

Property Features

Water Type: Lake Exterior Material: Wood Siding Roofing: Composition Substructure: Slab Lot Description: Corner Lot Sewer: Septic Tank Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Water; Storm Sewer Extras: Garages; Laundry Facility; Sep Electric Meter Owner Pays: Trash Collection; Water Tenant Pays: Electric Heat Source: Electric Heat Type: Radiant Air Conditioning: Window Unit(s) Driveway: Asphalt Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 7: Deck/Patio

Listing Office: Five Star Real Estate SL

Listing Agent: Traci Gresham

Last Updated: March - 21 - 2024

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