Last Updated: 10/26/2016 7:57 AM
Description for 8540 W Silver Lake Road Mears, MI 49436
3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating and fishing lake. Cottages all have a great view of the dunes and lake. Cottages could be sold off separately by turning into condominium units. Weekly summer rentals at $4650 for all 3 together to sleep 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks or patios. 2008 appraisal at $603,000 and 2004 appraisal when purchased at $556,000 before all improvements. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottages with new flooring. Plus a 3 bedroom, 2 bath with laundry connected to another 3 bedroom/sleeping loft. Over $40,000 in bookings for summer 2016. Seller is licensed Real Estate Agent
Dishwasher, Dryer, Microwave, Convection Oven, Range, Refrigerator, Washer
Central Air, Ceiling Fan(s)
Gas Heat, Forced Air
Exterior / Lot Features
60 x 37 x 50 x 250
Lake, Dock, Paved Road, Public Roads, Acreage
Between Mac Dune Rides/Silver Lake State Park Campgrounds & The circular/Craigs Crusisers.
Listing Price History
Mears Real Estate
Mears is located in Michigan. Mears, Michigan 49436 has a population of 1,406.
The median household income in Mears, Michigan 49436 is $35,104. The median household income for the surrounding county is $39,667 compared to the national median of $53,046. The median age of people living in Mears 49436 is 55 years.
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