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$1,249,000
8764 Garbow Dr SE, Alto, MI 49302
8 Beds
5 Baths
7,836 sqft

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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:
  • $1,249,000
  • Bedrooms:
  • 8
  • Full Baths:
  • 3
  • Half Baths:
  • 2
  • Square Footage:
  • 7,836
  • Acreage:
  • 0.12
  • Year Built:
  • 2005
  • Listing ID #:
  • 20033711
  • Street Address:
  • 8764 Garbow Dr SE
  • City:
  • Alto
  • State:
  • Michigan
  • Postal Code:
  • 49302
  • County:
  • Kent
  • Community:
  • Grand Rapids - G
  • Subarea:
  • G41 - Kent County
  • Listing Status:
  • Active
  • Listing Type:
  • Single Family Residence
  • Basement Description:
  • Slab
  • Exterior Features:
  • Deck(s), Patio, Porch(es)
  • Fireplace:
  • Yes
  • Fireplace Location:
  • Bathroom, Den/Study, Family, Master Bedroom, Other Bedroom
  • Number Of Fireplaces:
  • 3.00
  • Siding:
  • Other, Vinyl Siding
  • Stories:
  • 4.0
  • Total Building Square Footage:
  • 7836
  • Type Of Roof:
  • Metal
  • Windows:
  • Bay/Bow, Insulated, Low E, Replacement, Skylight, Storms
  • Year Built:
  • 2005
  • Conforms To Zoning:
  • Res
  • Extra Features:
  • All Sports, Dock, Private Frontage, Public Access 1 Mile Or Less
  • Lot Description:
  • Cul-De-Sac, Recreational
  • Lot Square Footage:
  • 5227.00
  • Mineral Rights:
  • No, Unknown
  • Road Frontage:
  • 50.00
  • Financing Options:
  • Cash, Conventional, Fha, Land Contract, Va Loan
  • Price Per Square Foot:
  • 318.79
  • Property Taxes:
  • $10,129
  • Tax Year:
  • 2019
  • Bedrooms On Upper Level:
  • 6
  • Kitchen:
  • Breakfast Nook, Center Island, Desk Built-In, Eating Area, Mud Room Access, Pantry, Snack Bar
  • Driveway:
  • Paved
  • Garage Description:
  • 2, Attached
  • Has Garage:
  • Yes
  • Pool Description:
  • Outdoor/Above
  • Appliances:
  • Built In Oven, Cook Top, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Cooling System:
  • Central
  • Existing Water:
  • Well
  • Heating:
  • Forced Air
  • Sewage Type:
  • Public
  • Water Heater:
  • Electric
  • Has Water Access:
  • Yes
  • Water Body Type:
  • Lake
  • Waterfront:
  • Yes
  • Waterfront Footage:
  • 50.00
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Frank N Roberts of Grand Rapids Realty & Investments LLC
  • KZOO

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