Waterfront (shared) 4 bedroom, 2 bath cottage with shared frontage that is beach sand with shared dock on Silver Lake in prime location. Has been rental & booked most of the sumner 2017. Subject to splitting 3 cottages into new condo association. 2016 Rental income on this cottage was about $21,000.00. Large lakeside deck, next to stream and across from new township park. Walking distance to the shops of Silver Lake. Nice view of Silver Lake and Sand Dunes. New roof in 2016. Seller is licensed real estate agent in the state of Michigan. Also being offered for all 3 cottages at a greatly reduced price of $549,000 for investors or families that want their own cottage. Walking distance to Craig's Cruisers and the restaurants and shops and bakery in Silver Lake.
Between Mac Dune Rides/Silver Lake State Park Campgrounds & The circular/Craigs Crusisers.
The approximate monthly Principal & Interest payment for this property would be $1,082. This payment is based on a 30-year loan at a fixed rate of 3.90 % with a down payment of $25,500. Actual lender interest rates and loan programs may vary.
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