8764 Garbow Drive SE $1,249,000

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    8764 Garbow Drive SE Alto, MI 49302

    • 8 Beds
    • 5 Baths
    • 7,836 sq. ft.
    • Single-Family
    • MLS# 20033711
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    Views: 472 Days On Site: 310

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    Property Details

    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.

    • General Features
      • Area Grand Rapids - G
      • Assoc Fee Include None
      • County Kent
      • Manufactured Y/N No
      • Municipality Caledonia Twp
      • New Construction No
      • Property Sub Type Single Family Residence
      • SubArea 41
      • Terms Available FHA, Land Contract
      • Year Built 2005
      • Annual Property Tax 10129.00
      • Tax Year 2019
    • Building Features
      • Additional Items Air Cleaner,All Window Treatments,Ceiling Fans,Ceramic Floor,Garage Door Opener,Generator,Guest Quarters,Hot Tub Spa,Satellite System,Sauna,Security System,Water Softener/Rented,Wet Bar,Whirlpool Tub,Wood Floor
      • Air Conditioning Central
      • Basement No
      • Appliances Built in Oven, Cook Top, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Oven, Range, Refrigerator, Washer
      • Design Other
      • Driveway Paved
      • Exterior Material Other
      • Fireplace Bathroom, Den/Study, Family, Master Bedroom, Other Bedroom
      • Garage Yes
      • Garage Type 2,Attached
      • Heat Source Electric, Natural Gas
      • Heat Type Forced Air
      • Kitchen Features Breakfast Nook, Center Island, Desk Built-In, Eating Area, Mud Room Access, Pantry, Snack Bar
      • Lower Rooms: Lower Bedrooms 2
      • Lower Rooms: Lower Finished SQFT 3918.00
      • Lower Rooms: Lower Full Baths 1
      • Lower Rooms: Lower Half Baths 0
      • Lower Rooms: Total Lower SQFT 1313.00
      • Main Rooms: Main Bedrooms 0
      • Main Rooms: Main Full Baths 0
      • Main Rooms: Main Half Baths 1
      • Main Rooms: Main Level SQFT 0.00
      • Roofing Metal
      • SqFt Above Grade 3918.00
      • Stories 4.0
      • Substructure Slab
      • Total Beds Above Grade 6.00
      • Total Fin SqFt All Levels 7836.00
      • Total Fireplaces 3.00
      • Total Rooms AG 21
      • Upper Rooms: Upper Bedrooms 6
      • Upper Rooms: Upper Full Baths 2
      • Upper Rooms: Upper Half Baths 1
      • Upper Rooms: Upper Level Square Feet 3918.00
      • Water Fea Amenities All Sports, Dock, Private Frontage
      • Water Heater Electric
      • Windows Bay/Bow,Insulated,Low E,Replacement,Skylight,Storms
    • Property Features
      • Exterior Features Deck(s), Patio, Porch(es)
      • Landscape Decor Fence, Flower Garden, Shrubs/Hedges, Terraced Yard, Waterfall
      • Lot Acres 0.12
      • Lot Description Cul-De-Sac, Recreational
      • Lot Dimensions 50 x 100 x 50 x 100
      • Lot Measurement Square feet
      • Lot Square Footage 5227.00
      • Mineral Rights No, Unknown
      • Outbuildings Other
      • Road Frontage 50.00
      • Sewer Public
      • Street Type Paved
      • Pool Outdoor/Above
      • Util Avail at Street Broadband,Cable,Electric,Natural Gas,Public Sewer,Telephone Line
      • Utilities Attached Cable, Natural Gas
      • Water Well
      • Water Type Lake
      • Body of Water Campau Lake
      • Water Access Y/N Yes
      • Waterfront Y/N Yes
      • Water Frontage 50.00
    • Schools
      • School District Caledonia

    Contact

    Jason Churchill

    Jason Churchill

    Associate

    RE/MAX Premier

    Direct: 616-797-1020

    Neighborhood

    49302 (Alto) Demographics

    39 Median Age
    171 Population Density (per sq. mile)
    49% College Educated
    $80,197 Estimated Median Income
    2,570 Estimated Total Home Owners
    188 Estimated Total Renters
    93% / 7% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    8,356 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $360,000 Median Sales Price
    11 Homes Sold
    14 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,249,000
        4/13/2021 8:05:51 PM Price Increased Source: Multiple Listing Service New Value: $1,249,000 18.95%
        4/13/2021 8:05:51 PM Status Changed Source: Multiple Listing Service New Value: Active
        8/18/2020 2:44:00 PM New in Database Source: Multiple Listing Service New Value: $1,050,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.