Waterfront
Address
8764 Garbow Drive SE Alto, MI
Price
$ 1,050,000
Property Attributes
  • MLS#20033711
  • TypeSingle Family
  • CountyKENT
  • CityAlto
  • AreaCaledonia Twp
  • NeighborhoodCaledonia Twp
  • Zip49302
  • Style
  • Year Built2005
  • Taxes10129
  • Price$ 1,050,000
  • Bedrooms8
  • Full Bathrooms3
  • Half Bathrooms2
  • Sqr Footage7836
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Frank N Roberts at Grand Rapids Realty & Investments LLC - (419) 494-4008
Property Description

This property is utilized as a vacation rental with a 20% ROI and if you use the income approach the value is solid. It produces over 200k a year in revenues. We are primarily interested in selling to a buyer who would plan to rent it out. We have a vacation rental company that will rent this location with over 30k clients and over 20 properties. The cottage next door produces over 30k in revenue and would prefer to sell them together for an additional 225k. Owner is a licensed Realtor in the State of Michigan.

Price History
8/18/2020 Listed $1,050,000

General Features

Access Feat: Accessibility Features No
Additional Items Air Cleaner, All Window Treatments, Ceiling Fans, Ceramic Floor, Garage Door Opener, Generator, Guest Quarters, Hot Tub Spa, Satellite System, Sauna, Security System, Water Softener/Rented, Wet Bar, Whirlpool Tub
Appliances Built in Oven, Cook Top, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Oven, Range, Refrigerator, Washer
Exterior Features Deck(s), Patio, Porch(es)
Fireplaces 3.00
Heating Forced Air
Homestead % 0.00
Manufactured No
Municipality Caledonia Twp
New Construction No
Road Frontage 50.00
Roof Metal
School District Caledonia
Sewer Public
Sub-area G41 - Kent County
Terms Available Cash, Conventional, FHA, Land Contract, VA Loan
Water Well
Water Heater Electric
Water Type Lake
Windows Bay/Bow, Insulated, Low E, Replacement, Skylight, Storms
Zoning RES

Interior Features

Air Conditioning Central
Basement No
Fireplace Yes
Heat Source Electric, Natural Gas
Kitchen Features Breakfast Nook, Center Island, Desk Built-In, Eating Area, Mud Room Access, Pantry, Snack Bar
Main Rooms: Main Half Baths 1
SqFt Above Grade 3918.00
Upper Rooms: Upper Bedrooms 6
Upper Rooms: Upper Full Baths 2
Upper Rooms: Upper Half Baths 1
Upper Rooms: Upper Level Square Feet 3918.00

Exterior Features

Body of Water Campau Lake
Design Other
Driveway Paved
Exterior Other, Vinyl Siding
Garage Type 2, Attached
Garage: Garage Yes
Landscape Decor Fence, Flower Garden, Shrubs/Hedges, Terraced Yard, Waterfall
Lot Description Cul-De-Sac, Recreational
Mineral Rights No, Unknown
Outbuildings Other
Pool Y/N Outdoor/Above
Substructure Slab
Water Access Y/N Yes
Water Features All Sports, Dock, Private Frontage, Public Access 1 Mile or Less
Water Frontage 50.00
Waterfront Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 49302

Price
AVG $660K
$1.05M
Taxes
AVG $6,982
$10,129
Visits
AVG 43
81
Year Built
AVG 1940
2005

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