790 Lake Street, Saugatuck, MI 49453 (MLS# 25006179)

790 Lake Street, Saugatuck, MI 49453

$1,309,000

Property Type: Multi Family Lot Size (sq. ft.): 27,748 Status: Active

Current Price: $1,309,000 List Date: 2/20/2025 Last Modified: 5/02/2025

Description

Price just reduced for this amazing 3 units income property with 3,434 sq.ft, 5 bedrooms, 3.5 baths and 3 kitchens. Owners occupied first floor has 2 bedrooms, 2 baths, living room, formal dining room, a wet bar, well appointed kitchen, breakfast room and huge covered porch. The front 2nd floor unit has 2 bedrooms, a bath, kitchen, large living room and a porch with water views. The rear 2nd floor unit has 1 bedroom, a bath, kitchen, living room, and a porch that overlooks backyard and the pool area. Ample parking with 7 places plus a 2 car garage. The beautifully landscaped grounds include 2 koi ponds, patio, fire pit and an in-ground pool. Meticulously maintained property with many recent updates located in downtown of Saugatuck near the bridge just a short stroll to the restaurants,

Supplements: shops, and art galleries of Saugatuck and Douglas. Turn Key sale, strong rental income history and a potential for new owner to get new STR permit. Rental history and a list of all updates available in documents.

More Information MLS# 25006179

Location Property Info

County: Allegan Street #: 790 Street Name: Lake Suffix: Street State: MI Zip Code: 49453 Area: Holland/Saugatuck - H

OfficeContract Info

Status: Active Current Price: $1,309,000 List Price: $1,309,000 Listing Date: 2025-02-20

General Property Info

Lot Measurement: Acres Lot Square Footage: 27748 Lot Acres: 0.64 Lot Dimensions: 74 x 81 x 231 x 66 x 232 Year Built: 1905 New Construction: No Cert of Compliance: Yes Road Frontage: 155 Total # Units: 3 # of Diff Unit Floor Plans: 3 Total # Bldgs: 1 Total Approx. SqFt All Bldgs: 3434 Total Parking Spaces: 7 Waterfront: No School District: Saugatuck-Douglas

Tax Info

Tax ID #: 035751403500 Taxable Value: 256624 SEV: 643200 For Tax Year: 2024 Annual Property Tax: 12876 Tax Year: 2024 Homestead %: 50 Zoning: Res 1

Remarks Misc

Directions: Blue Star Hwy to Lake Street. On the corner of Lake street and State street.

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Unit 1

Unit Description: Main Level SqFt: 1717 Occupied: Yes Bedrooms: 2 Bathrooms: 2 Full Baths: 1 Half Baths: 1

Unit 2

Unit Description: Upper Front SqFt: 800 Occupied: No Monthly Rent: 8625 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 3

Unit Description: Upper Rear SqFt: 908 Occupied: No Monthly Rent: 6125 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Property Features

Laundry Features: Gas Dryer Hookup; In Basement; Washer Hookup Water Type: River; Other Exterior Material: Vinyl Siding Roofing: Composition Substructure: Full Lot Description: Level Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter; Tenant Storage Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Central Air; Deck/Patio; Dishwasher; Garage; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 2: Central Air; Deck/Patio; Fireplace; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer Unit 3: Central Air; Deck/Patio; Refrigerator; Sep. Heat System; Washer/Dryer

Listing Office: Redfin Corporation

Listing Agent: Joe Jovanovic

Last Updated: May - 02 - 2025

790 Lake Street, Saugatuck, MI 49453- MLS# 25006179

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