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10760 Lake St
Chippewa Lake, MI 49320
Chippewa Lake Cabins on the Hill · Multifamily Property For Sale · 8 Units

Property Facts

No. Units 8
Property Type Multifamily
Apartment Style Single-Family Home
Lot Size 0.88 AC
Building Size 3,945 SF
No. Stories 2
Year Built/Renovated 1930/2018
Parking Ratio 1.52/1,000 SF

Amenities

Unit Amenities

  • Vaulted Ceiling
  • Refrigerator
  • Range
  • Dock

Site Amenities

  • Waterfront
  • Dock

About 10760 LAKE ST , CHIPPEWA LAKE, MI 49320

LIVE THE DREAM! Cabins to rent, beautiful home to live in, located on beautiful sandy lakefront of all sports Chippewa Lake. Seven, one bedroom cabins are nicely updated and tastefully decorated. Includes all inventory: furniture/decor, linens, kitchen/bath accessories, gazebo, swings, picnic tables. Two jet skis, pontoon boat and dock to be sold with business and real estate. Beautiful, spacious home includes fully finished walkout basement with additional outdoor living space in the covered patio and garden area. Upper deck includes custom sun shade and there's also a sunshade for the landing on the tiered deck to lakefront. Lots of counter space in the kitchen with large island and new appliances. The master bedroom includes a huge closet measuring 9' x 10' and a beautiful master bath with tub and walk in shower. AWESOME! Large laundry areas on both upper and lower levels. Beautiful perennial landscaping. The garage (former dance hall) faces the main road and offers additional opportunity. FINANCING ESTIMATE: 10% down, 30 years @ 4.25% interest = $2519 (Principal /Interest) Current annual expenses: current taxes total $6308, insurance $2294 brings monthly payment to $3235.00. With gross income of $3298 per month (average), that means this place pays for itself. Your out of pocket cost per month would be $290 per month, which includes sewer, weed control, cable and electric/gas. And you have a DREAM set up!! More details at www.UniqueRealEstate.online.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $1,245 320 - 1,705

Property Taxes

Property Taxes

Parcel Number
5403-891-023-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$40,900
  • Listing ID: 16347101

  • Date on Market: 6/14/2019

  • Last Updated:

  • Address: 10760 Lake St, Chippewa Lake, MI 49320

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