46131 S Lakeshore Drive, Lawrence, MI 49064 (MLS# 26016170)

46131 S Lakeshore Drive, Lawrence, MI 49064

$365,000

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https://www.propertypanorama.com/instaview/wmlar/26016170

Property Type: Multi Family Lot Size (sq. ft.): 21,780 Status: Active

Current Price: $365,000 List Date: 7/24/2026 Last Modified: 9/17/2026

Overview

Description

APPOINTMENT REQUIRED. DO NOT APPROACH TENANTS!!! This four unit complex is fully rented and has many recent updates. Many newer windows and doors, AC Units, dishwashers and a new well in 2019. The location of the large. country 1/2 acre lot gives tenants privacy and lots of parking and is minutes from Lake Cora and Reynolds Lake Public access. 4-950 sq.ft. units, 2 bed, 1 bath each. 20'x24' 2 stall garage could support extra income. Common laundry area. Two Income and expenses spreadsheets are in documents.

Listing Details MLS# 26016170

Location Property Info

County: Van Buren
Street #: 46131
Street Direction: S
Street Name: Lakeshore
Suffix: Drive
State: MI
Zip Code: 49064

General Property Info

Lot Measurement: Acres
Lot Square Footage: 21780
Lot Acres: 0.5
Lot Dimensions: 132x164
Year Built: 1986
New Construction: No
Road Frontage: 132
Total # Units: 4
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 3800
Total Parking Spaces: 8
Waterfront: No
School District: Lawrence

Tax Info

Tax ID #: 801302401210
Taxable Value: 54446
SEV: 60700
For Tax Year: 2025
Seller's Annual Property Tax: 2836
Tax Year: 2025
Spec Assessment & Ty: NA

Remarks Misc

Directions: FROM M-51 & RED ARROW HIGHWAY GO WEST ON RED ARROW HIGHWAY TO (STAY LEFT) TERRITORIAL TO 46TH ST. TURN LEFT (SOUTH) TO LAKESHORE DRIVE, TURN RIGHT. SECOND HOME ON LEFT.

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Income and Expenses

Annual Maintenance: 1029.78
Annual Mgmt. Fees: 3520
Annual Utilities: 1505.97
Gross Op. Inc.: 29005
Net Operating Income: 22190.85
Operating Expense: 6814.15

Unit 1

Unit #: Yes
Unit Description: Lower
SqFt: 950
Occupied: Yes
Monthly Rent: 1150
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: Lower
SqFt: 950
Occupied: Yes
Monthly Rent: 1049
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area; Electric Dryer Hookup; In Basement Exterior Material: Vinyl Siding Roofing: Composition Substructure: Daylight; Walk-Out Access Sewer: Septic Tank Water: Well Utilities Attached: Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available Extras: Garages Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Baseboard Air Conditioning: Wall Unit(s) Driveway: Aggregate; Asphalt Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Sale Conditions: None Unit 1: A/C Unit; Deck/Patio; Dishwasher; Range Oven; Refrigerator Unit 2: A/C Unit; Deck/Patio; Dishwasher; Range/Oven; Refrigerator Unit 3: Range/Oven; A/C Unit; Deck/Patio; Dishwasher; Refrigerator Unit 4: Deck/Patio; Dishwasher

Documents

Seller's Disc ›

Trailing 12 P&L ›

Income Statement ›

Listing Office: RE/MAX Lakeshore

Listing Agent: Tantzi Habsburg

Last Updated: September - 17 - 2026

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