8764 Garbow Drive SE

Alto, MI
$ 1,050,000 Beds 8 Baths 4 Sq 7,836
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 1,050,000
  • Lot Size
  • 5,227 SqFt
  • Bedrooms
  • 8
  • Sqr Footage
  • 7,836
  • Full Bathrooms
  • 3
  • Year Built
  • 2005
  • Half Bathrooms
  • 2
  • City, Zip
  • Alto
  • Taxes
  • 10129
  • County
  • KENT
  • Style
  • Area
  • Caledonia Twp
  • MLS#
  • 20033711
  • Zip
  • 49302
Listing Provided by: Frank N Roberts at Grand Rapids Realty & Investments LLC - (419) 494-4008

Features

General

Access Feat: Accessibility Features No
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
Appliances Built in Oven, Cook Top, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Oven, Range, Refrigerator, Washer
Exterior Features Deck(s), Patio, Porch(es)
Fireplaces 3.00
Heating Forced Air
Homestead % 0.00
Manufactured No
Municipality Caledonia Twp
New Construction No
Road Frontage 50.00
Roof Metal
School District Caledonia
Sewer Public
Sub-area G41 - Kent County
Terms Available Cash, Conventional, FHA, Land Contract, VA Loan
Water Well
Water Heater Electric
Water Type Lake
Windows Bay/Bow, Insulated, Low E, Replacement, Skylight, Storms
Zoning RES

Interior Features

Air Conditioning Central
Basement No
Fireplace Yes
Heat Source Electric, Natural Gas
Kitchen Features Breakfast Nook, Center Island, Desk Built-In, Eating Area, Mud Room Access, Pantry, Snack Bar
Main Rooms: Main Half Baths 1
SqFt Above Grade 3918.00
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

Exterior Features

Body of Water Campau Lake
Design Other
Driveway Paved
Exterior Other, Vinyl Siding
Garage Type 2, Attached
Garage: Garage Yes
Landscape Decor Fence, Flower Garden, Shrubs/Hedges, Terraced Yard, Waterfall
Lot Description Cul-De-Sac, Recreational
Mineral Rights No, Unknown
Outbuildings Other
Pool Y/N Outdoor/Above
Substructure Slab
Water Access Y/N Yes
Water Features All Sports, Dock, Private Frontage, Public Access 1 Mile or Less
Water Frontage 50.00
Waterfront Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Edwardsburg, MI office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/18/2020 Listed $1,050,000

Property vs Zip Code Average in 49302

Price
AVG $610K
$1.05M
Taxes
AVG $6,982
$10,129
Visits
AVG 54
88
Year Built
AVG 1952
2005

Map

In The Neighborhood

Areas That We Cover

8764 Garbow Drive SE Alto, MI is a Single Family Home for sale at $1050000 with 7836 sqft and a lot size of 5,227 SqFt Acre(s). 8764 Garbow Drive SE Alto has 8 bedrooms, 3 baths and was built in 2005. The property's zip code is 49302 which is in Alto, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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William Russell

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