7945 Crescent Beach, Sand Point, MI 48755

$165,000
2
BD
2
BA
1,100
SqFt
List Price
$165,000
Status
ACTIVE
MLS#
50130448
Days on Market
547
Style
1 Story
Year Built
2000
Bedrooms
2
Bathrooms
2
Living Area
1,100
Municipality
Caseville Twp
Region
Caseville Twp (32004)
Subdivision
Sand Point Resort & Spa

Property Description

INVESTMENT OPPORTUNITY Sand Point / Pigeon, Michigan!!! This two-building condominium/ residential hotel complex consists of 12 – 2 bedroom 2 bath newly renovated and furnished individual units ready for new ownership. Welcome to Sand Point Resort with 12 full luxury units that come fully furnished complete with a living room, dining area, large kitchen, bedroom with en-suite with jetted tub and separate shower. They also contain in-unit laundry for convenience! Each unit is capable of being divided into a full suite and a studio unit. The studio units include a living room/bedroom combination, full bath with jetted tub, wet bar, and efficiency kitchen. Full units adjoin with studio units and can be rented separately or together, as double units. Each second story unit has a private, covered balcony and the lower units have a private patio. Many improvements have been made to the complex which include new metal roof (2017), new tile on the outdoor porches and balconies (2019), new commercial grade programmable security keypad locks for entry with Wi-Fi capability and custom code features (2020). Additional upgrades completed to both buildings in 2021 include: new kitchen faucets, gutters, landscaping, exterior stucco, and exterior wood beams/posts trimmed with new composite boards. Seller is willing to finance with a 25% down payment with the remaining balance amortized over 15 years with the first 5 years having an interest rate of 5%, years 6-10 at 6%, and years 11-15 having an interest rate of 7%. A $2500.00 fully refundable deposit is required to save your spot. These units may be used as a short term rentals and can be leased and managed by the individual owner, or can be managed by the resort association management company. This is truly a turnkey operation. Condo fees are $250/month which include natural gas, electric, water, septic, snow removal, yard maintenance, building insurance, and two monthly passes to the onsite spa. The SPA includes a fitness facili

Additional Information

Hoa
Yes
Hoa Fee
$250
Hoa Freq
Monthly
Lake Name
Lake
Interior Features
Indoor Pool
Heating
Forced Air
Cooling
Central A/C
Exterior
Brick
Sewer
Septic
Foundation
Slab
Water
Public Water
School District
Elkton - Pigeon - Bay Port Schools
Originating MLS
MiRealSource
Source MLS
MiRealSource

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy of Keller Williams Realty Lakeside, Office Phone: 586-532-0500

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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.