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- LoopNet Team
287 S Third St
Fruitport, MI 49415
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 200+ ft of Spring Lake Water Frontage
- 7 Garages, Pole Barn
- 8 Total Rental Units (Short-Term Rentals Permitted)
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,048 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 3.14/1,000 SF |
| Lot Size | 1.76 AC | ||
| Zoning | R-2 - Multi-Family | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.76 AC |
| Building Size | 6,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 3.14/1,000 SF |
| Zoning | R-2 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Views
- Carpet
- Deck
- Lawn
SITE AMENITIES
- Waterfront
ABOUT 287 S THIRD ST , FRUITPORT, MI 49415
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 allow 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... This property is the perfect opportunity for the creative investor. Call for details.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $900.00 | - |
| 2+1 | 4 | $1,000 | - |
| 2+2 | 1 | $1,600 | - |
| 3+2 | 1 | $2,200 | - |
PROPERTY TAXES
| Parcel Number | 41-400-000-0001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $734,000 |
PROPERTY TAXES
