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About This Home

This 6-bedroom, 0-bathroom residential multi family at 722 Lake Street in Saugatuck, MI is listed for $1,100,000. Built in 1935, on a 0.25 acres lot.

Agent Description

An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of charm, updates, and short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a highly desirable STR setup with projected annual rental income models estimating well into six figures.

The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, two stunning full bathrooms, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite.

Upstairs, original flooring continues throughout two generous bedrooms An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of historic charm, modern updates, and extraordinary short-term rental potential.

Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a proven and highly desirable STR setup with projected annual rental income models estimating well into six figures.

The main home features over 2,200 square feet of character-filled living space, blending timeless craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, stunning full bathroom, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite.

Upstairs, original flooring continues throughout two generous bedrooms and a large loft area currently utilized as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property - the perfect retreat after a day in town or at the lake.

The lower level includes an additional family room, laundry area with shower, and two oversized storage rooms, providing ample space for owners and guests alike. The renovated carriage house has been thoughtfully transformed into two separate rental units.

The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a beautifully finished full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests, making it ideal for extended stays or premium STR income.

Outside, a fully equipped storage shed is stocked with amenities and essentials for guests, further enhancing the property's turnkey appeal. Whether you're seeking a high-performing investment property, a personal getaway with income potential, or a one-of-a-kind Saugatuck compound, this property delivers unmatched versatility, location, and earning potential.

Key Features

  • Built in 1935
  • 0.25 acre lot
  • 6 parking spaces

Property Details

4 full, 1 half
6 spaces
1935

Amenities

A/C

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

722 Lake Street

Saugatuck, MI 49453

Property Details

Construction

Aluminum Siding

Parking

Driveway

Heating

Forced Air

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 6-bedroom, 0-bathroom residential multi family at 722 Lake Street is listed at $1,100,000. The estimated monthly payment is $4,767 based on 20% down at 6.5% interest.

Key features include: Built in 1935, 0.25 acre lot, 6 parking spaces.

This property is listed by Marie Wiedenhoeft and can be reached at 6162731519 or mariewrealtor@gmail.com.

MW

Marie Wiedenhoeft

Agent at HomeRealty, LLC

(616) 273-1519

Listed by HomeRealty, LLC · View on Broker Site

MLS# 26024016· Source: listhub· Updated 11 days ago

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722 Lake Street, Saugatuck, MI 49453

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