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

46131 S Lakeshore Drive, Lawrence, MI 49064

New Listing

$385,000

Virtual Tour

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

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

Current Price: $385,000 List Date: 7/24/2026 Last Modified: 7/27/2026

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. Income and expenses are based on 8 month management period.

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
Basement: Yes

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
Homestead %: 0

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
A/C Unit: Yes
Deck/Patio: Yes
Dishwasher: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit Description: Lower
SqFt: 950
Occupied: Yes
Monthly Rent: 1049
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Deck/Patio: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 3

Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
A/C Unit: Yes
Deck/Patio: Yes
Dishwasher: Yes
Refrigerator: Yes

Unit 4

Unit Description: Upper
SqFt: 950
Occupied: Yes
Monthly Rent: 1081
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes
Dishwasher: Yes

Location & Property Info

Cross Streets: 46th St and Lakehsore Dr
Property Sub-Type: 2 to 4 Units
Municipality: Lawrence Twp
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 101.32

Remarks & Misc

Public Remarks: 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. Income and expenses are based on 8 month management period.
Legal: Lengthy, on record in office

Street Type

Paved: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Common Area: Yes
Electric Dryer Hookup: Yes
In Basement: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Baseboard: Yes

Air Conditioning

Wall Unit(s): Yes

Tenant Pays

Electric: Yes

Driveway

Aggregate: Yes
Asphalt: Yes

Substructure

Daylight: Yes
Walk-Out Access: Yes

Extras

Garages: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: 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 ›

Listing Office: RE/MAX Lakeshore

Listing Agent: Tantzi Habsburg

Last Updated: July - 27 - 2026

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