$905,000
SOLD SEP 17, 2024

18278 Swiss Dr Spring Lake, MI 49456

-- Bed
-- Bath
900 Sq Ft
0.33 Acres

Recently Sold

$1,006 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • 2 Fireplaces
  • Cooling System Mounted In Outer Wall Opening
  • Wood Siding
  • Lake Hills Elementary School Rated A
  • Laundry Facilities
  • Heating System Uses Natural Gas

About This Home

As of September 2024

Investment opportunity to own 10 apartment units in highly sought-after Spring Lake. This sale includes a 4 unit building (18270 Swiss) and a 6 unit building (18278 Swiss), on separate parcels. Close to Coast Guard Park, Ottawa Sands, North Beach and many other attractions West Michigan has to offer. There is coin operated laundry in the common areas. With some utilities split, there is a value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense. Rents are below market rates. Many of the units have new paint, flooring and updates. With limited rental product in Spring Lake it makes this an incredible value add opportunity.

Last Agent to Sell the Property

Shawn Jacobs

MOXIE Real Estate + Development License #6501370018

Last Buyer's Agent

Ryan Kruithoff

West Edge Real Estate License #6501309062

West Edge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,619

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 96 x 100

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 2 Fireplaces
  • Walk-Out Basement

Parking

  • 10 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,619

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Slab, Walk Out
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding, Brick, Wood Siding
  • List Price: 950000.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Concrete
  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling: Yes
  • Heating: Radiant
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Dimensions: 96 X 100
  • Lot Size Sq Ft: 14329.0
  • Zoning Description: R-4
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 10

Tax Info

  • Tax Annual Amount: 8618.59
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $905,000 -4.7% $1,006 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $950,000 -- $1,056 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24035859

Southwestern Michigan Association of REALTORS®

Michigan Ottawa County Spring Lake 49456

18278 Swiss Dr, Spring Lake, MI

Homes for Sale in Spring Lake, MI

This home is located at 18278 Swiss Dr, Spring Lake, MI 49456 and is currently priced at $905,000, approximately $1,005 per square foot. 18278 Swiss Dr is a home located in Ottawa County with nearby schools including Lake Hills Elementary School, Central High School, and White Pines Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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