NOT LISTED FOR SALE

18278 Swiss Dr Spring Lake, MI 49456

2 Beds
1 Bath
900 Sq Ft
0.33 Acres

Last Sold September 17, 2024

Last sale price $905,000 $1,006 Per Sq Ft

14 Days on Market

Highlights

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

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 Listed on: 07/12/2024

Last Buyer's Agent

Ryan Kruithoff

West Edge Real Estate LLC License #6501309062

West Edge Real Estate LLC

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

Basement

  • 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

0.33 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 96 X 100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: R-4
  • General Property Info:Total _pound_ Units: 10
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Laundry Facility: Yes
  • Laundry Features Common Area: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Substructure Walk-Out Access2: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab, Walk-Out Access
  • 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
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

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: Wall Unit(s), Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Phone 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

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
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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 List to Sale Price per Sq Ft
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: MichRIC

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,753 $134,800 $0 $0
2024 $37 $136,300 $0 $0
2023 $3,726 $129,600 $0 $0
2022 $4,386 $101,500 $0 $0
2021 $4,236 $94,200 $0 $0
2020 $4,230 $92,300 $0 $0
2019 $3,882 $88,300 $0 $0
2018 $3,697 $82,400 $17,800 $64,600
2017 $3,606 $82,300 $0 $0
2016 $3,582 $81,700 $0 $0
2015 -- $81,300 $0 $0
2014 -- $78,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24035859

MichRIC
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