$1,375,000
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10765 Nichols Road Blue Lake Twp, MI 49425
7 Beds
6.5 Baths
3,282 SqFt
Key Details
Property Type Single Family Home
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 3,282 sqft
Price per Sqft $396
MLS Listing ID 71025038308
Style Ranch
Bedrooms 7
Full Baths 6
Half Baths 1
Year Built 1977
Annual Tax Amount $7,028
Lot Size 0.860 Acres
Property Sub-Type Ranch
Property Description
Big Blue Lake Cottages: Your Lakeside Legacy Awaits on Big Blue Lake-Escape to your paradise at beautiful Big Blue Lake in Michigan. This exceptional property invites you to own a thriving vacation rental business while fully embracing the idyllic lake life. Imagine waking up to serene lake views and ending your days with breathtaking sunsets that paint the sky.The Best of Both Worlds: Live on Site:Reside in a lovely 2-bedroom, 2-bathroom home, which includes a garage and extra storage sheds for your convenience.Thriving Vacation Rental Business:Manage five charming knotty pine cottages, each offering comfortable accommodations and stunning views of the lake.Flexible Income Potential:Rent out the owner's home for additional income or enjoy it as your personal retreat.**Excellent Investment Opportunity**
1. **Established Rental Business:** This property is currently operating as a successful short-term rental, providing immediate income potential.
2. **High Demand for Lakefront Properties:** There is a strong demand for vacation rentals in popular West Michigan areas, such as Big Blue Lake, especially for properties with direct lake access.
3. **Diverse Income Streams:** With five individual cottages, you have the flexibility to accommodate various group sizes and generate income from multiple sources.
4. **Positive Market Trends:** West Michigan's tourism industry is thriving, attracting visitors from across the country, particularly those seeking lakefront experiences.
5. **Potential for Appreciation:** Well-maintained lakefront properties in desirable areas tend to appreciate in value over time, offering long-term investment benefits.
**Lifestyle and Personal Enjoyment**
1. **Lakeshore Living:** Enjoy the tranquility and beauty of Big Blue Lake, known for its breathtaking sunsets and recreational opportunities.
2. **Access to Amenities:** Indulge in water sports, fishing, yard games, bonfires, and more, all right at your doorstep.
3. **Ideal for Personal Use:** Use the cottages for personal getaways to create
Location
State MI
County Muskegon
Area Blue Lake Twp
Rooms
Kitchen Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator
Interior
Heating Forced Air, Radiant
Laundry 1
Exterior
Parking Features Door Opener, Tandem, Attached
Waterfront Description Lake Front,Private Water Frontage,Lake/River Priv
Roof Type Composition
Building
Lot Description Level, Sprinkler(s)
Foundation Crawl, Slab
Sewer Sewer (Sewer-Sanitary), Septic Tank (Existing)
Water Other, Well (Existing)
Structure Type Aluminum,Block,Brick,Vinyl
Schools
School District Holton
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Coldwell Banker Woodland Schmidt Grand Haven