Multifamily Housing - For Sale
13436 Red Arrow Highway Sawyer, MI 49125
Details & Description
Price: $360,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.960
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $90.00
  • Land Sq Ft 41,817
  • Land Price per Sq Ft $8.61
Cash-flowing vacation rental for sale close to Lake Michigan in Harbor Country. Motivated Seller! Features two units: a 2,500 SF home & a 600 SF guesthouse, 900 SF unfinished basement. The property currently has occupancy for a total of 21 & parking for 20 vehicles. Estimated 7.9% capitalization rate for a year round short term rental operation. Financials available with signed confidentiality agreement. This is a turn-key operation, any items of sentimental value to the owner may be excluded from sale. Fenced back yard of 4,000 SF allows for outdoor events & 0.96-acre lot offers ample expansion opportunities. Zoned C-H (Commercial Mixed Use - Harbert Town Center) with grandfathered nonconforming residential use under a special land use permit. Lease-option contract available with seasonal rent adjustment. More interior photos available at - https://www.airbnb.com/rooms/4104093/photos/596353431?source_impression_id=p3_1600087026_C3M1owXC%2B11uT4qg
Additional Photos
Listing Agents
Jonathon Hallberg
NAI Wisinski of West Michigan
O: 269-459-0438
M: 269-301-1203
jonathonh@naiwwm.com
Joshua Jacobs
NAI Wisinski of West Michigan
O: 616-776-0100
M: 914-374-2694
joshuaj@naiwwm.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

13436 Red Arrow Highway

Sawyer, MI 49125

Listing ID: 230352
$360,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.960
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $90.00
  • Land Sq Ft 41,817
  • Land Price per Sq Ft $8.61
  • 13436 Red Arrow Highway Sawyer, MI 49125 - main image
  • 13436 Red Arrow Highway Sawyer, MI 49125 - alt image 2
  • 13436 Red Arrow Highway Sawyer, MI 49125 - alt image 3
  • 13436 Red Arrow Highway Sawyer, MI 49125 - alt image 4
13436 Red Arrow Highway - main image
13436 Red Arrow Highway - alt image 2
13436 Red Arrow Highway - alt image 3
13436 Red Arrow Highway - alt image 4
Description

Cash-flowing vacation rental for sale close to Lake Michigan in Harbor Country. Motivated Seller! Features two units: a 2,500 SF home & a 600 SF guesthouse, 900 SF unfinished basement. The property currently has occupancy for a total of 21 & parking for 20 vehicles. Estimated 7.9% capitalization rate for a year round short term rental operation. Financials available with signed confidentiality agreement. This is a turn-key operation, any items of sentimental value to the owner may be excluded from sale. Fenced back yard of 4,000 SF allows for outdoor events & 0.96-acre lot offers ample expansion opportunities. Zoned C-H (Commercial Mixed Use - Harbert Town Center) with grandfathered nonconforming residential use under a special land use permit. Lease-option contract available with seasonal rent adjustment. More interior photos available at - https://www.airbnb.com/rooms/4104093/photos/596353431?source_impression_id=p3_1600087026_C3M1owXC%2B11uT4qg

Attachments & Files

Listing Demographics for 13436 Red Arrow Highway Sawyer, MI 49125

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population8903,3336,827
Population Median Age605450
Population by Age0-9 Yrs24 (2%)213 (6%)503 (7%)
10-19 Yrs18 (2%)138 (4%)423 (6%)
20-29 Yrs66 (7%)238 (7%)607 (8%)
30-39 Yrs33 (3%)221 (6%)506 (7%)
40-49 Yrs51 (5%)236 (7%)704 (10%)
50-59 Yrs170 (19%)616 (18%)1157 (16%)
60-69 Yrs186 (20%)803 (24%)1516 (22%)
70+ Yrs341 (38%)867 (26%)1410 (20%)
Median HH Income$72,557$71,349$66,039
Total Household Income< 24K78 (17%)318 (19%)648 (20%)
25-49K79 (17%)286 (17%)633 (19%)
50-74K76 (17%)254 (15%)492 (15%)
75-99K42 (9%)220 (13%)430 (13%)
100-199K136 (30%)420 (25%)769 (24%)
200K+33 (7%)129 (7%)211 (6%)
Highest Education LevelNo Diploma4118351
Diploma or GED2278391742
Some College1074641032
Assoc. Degree122315581
Bachelors Degree1987091202
Higher Degree162445674
Total Housing Units1,0463,8896,422
--Owner-Occupied4371,4892,750
--Renter-Occupied7138433
Owner-Occupied Values< 100K14158472
100-199K129418831
200-299K58288534
300-399K84225325
400-499K59157226
500K+93242362
Total Working Age Population8543,0296,078
In Work Force3781,5893,457
Not In Work Force4761,4402,622
Workforce Employed3781,5333,295
Workforce Unemployed156162
Civlian Workforce3781,5893,457
Military Workforce000
Total Households4441,6273,183
Family Households3451,1482,163
Non-Family Households994791,020
Married Couple3221,0061,793
Other Family23142370
Married w/Child21134331
Single Male w/Child01545
Single Female w/Child01457

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Michigan9,938,444-19,883,640+110,023,423+410,424,510
Berrien County162,453-3156,813-2153,154+2156,590

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
Jonathon Hallberg - CRE Agent at NAI Wisinski of West Michigan

Jonathon Hallberg

NAI Wisinski of West Michigan
Listing Co-Agent
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