Listing provided courtesy of BHG Connections- MLS# 26026540MLS ProviderSource MLS Verified

1159 S Shore DriveHolland, MI 49423

Multi-Family · 0.80 Acres
$1,999,999 Active

1159 S Shore Drive Overview

Time on Site:
27 days
Visits:
1

Discover an Exceptional Investment Opportunity at 1159 South Shore Drive! Step into a piece of history with this charming historical motel, ideally located just across the street from the bustling Central Market grocery store and mere steps away from the serene beauty of Lake Macatawa with 3 access points and beach. Offering 14 fully operational monthly rentals, including a cozy garage apartment and a private residence, and 13 units in the old motel, this property presents a unique opportunity for investors looking to capitalize on a an extended stay market that could allow shorter term 30 day rentals. With current NMU zoning regulations allowing for 1 short-term rental, the potential for increased revenue is immense if turned into a condo building or going for a non conforming rezoning. Imagine the possibility of adding a second floor maximizing your income potential and catering to the growing demand for vacation accommodations in this sought-after location. The back portion of the property is zoned CNR Cottage neighborhood residential, so you could build 2 homes if the garage was taken down.

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1159 S Shore Drive Facts & Features

  • Type Multi-Family
  • Lot 0.80 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • County Or Parish: Ottawa

Rent/Lease Information

  • Tenant Pays: None

Tax Information

  • Tax Annual Amount: 14158.0

General Information

  • Parcel Number: 70-15-35-286-001
  • Property Sub Type: 5+ Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Concrete,Driveway

    Lot Information

    • Lot Features: Level
    • Lot Size Acres: 0.8
    • Lot Size Area: 0.8
    • Lot Size Dimensions: 100 x 350
    • Lot Size Square Feet: 34979.0
    • Lot Size Units: Acres
    • Road Surface Type: Paved

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Attached Garage: No
    • Construction Materials: Brick,Stone,Wood Siding
    • Roof: Composition

    General Information

    • Number Of Units Total: 14
    • Utilities: Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected

    1159 S Shore Drive Neighborhood

    Community

    49423 (Holland) Demographics

    36
    Median Age
    574
    Population Density (per sq. mile)
    41%
    College Educated
    $62,361
    Estimated Median Income
    12,214
    Estimated Total Home Owners
    4,903
    Estimated Total Renters
    71% / 29%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1159 S Shore Drive Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1159 S Shore Drive Market Data

    Based on the last 30 days in this zip code

    $624,251
    Average List Price
    $302
    Average Price per Square Foot
    48
    Properties Sold
    57
    Average Days on Market
    286
    Properties for Sale
    Calculations provided by Reliance Network