790 Lake Street
Saugatuck, MI 49453

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Description

Exceptional Multi-Family Investment in Downtown Saugatuck. Incredible opportunity to own a premier multi-family property in the heart of Saugatuck with harbor views and an unbeatable location. Offering 3,434 sq. ft. across three distinct units, this property is ideal for an investor seeking income potential or for an owner-occupant looking to offset expenses with rental income. The main level features 2 bedrooms, 2 full baths, a spacious kitchen, dining room, living room, breakfast nook, wet bar, and covered porch. The front upper unit offers 2 bedrooms, 1 bath, full kitchen, living room, and porch with water views. The rear upper unit includes 1 bedroom, 1 bath, kitchen, living area, and private porch overlooking the pool and backyard. The lower level currently serves as storage and a laundry facility for the property. Beautifully landscaped grounds include two koi ponds, fire pit, patio, and a newer in-ground pool with fenced enclosure. Parking is generous with 7 spaces plus a 2-stall garageeasily converted into an amazing game or recreation room to enhance rental appeal. Just steps from 2 amazing communities, this location offers the best of both worlds: stroll into downtown Saugatuck to enjoy restaurants, shops, galleries, and the waterfront boardwalk, or cross into Douglas for a quieter small-town experience. Currently operated as a residence with two short-term rental units, this property comes with a transferable STR certificate, making it a rare and flexible investment opportunity.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Allegan County
• Zip Code: 49453
• Year Built: 1905
• School District: Saugatuck-Douglas
• Units: 3 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 7
• Fireplace: 1
• Lot Size: 0.637 acres
• Waterfront: River Front, Other
• Construction Materials: Vinyl Siding
• Cooling: Central Air
• Cross Street: State & Allegan
• Directions: Blue Star south entrance to address.
• Driveway: Paved
• Extras: Sep Electric Meter, Sep Gas Meter, Sep Water Meter, Tenant Storage
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Homestead%: 50
• Laundry Features: Gas Dryer Hookup, Washer Hookup, In Basement
• Lot Description: Level, Recreational, Sidewalk
• Lot Features: Level, Recreational, Sidewalk
• Lot Size Area: 0.64
• Lot Size Square Feet: 27748
• Lot Size Units: Acres
• MLS Area Major: Holland/Saugatuck - H
• MLS Area Minor: Holland/Saugatuck - H
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 3
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Parcel Number: 035751403500
• Parking Features: Paved
• Possession: Close Of Escrow
• Road Frontage: 155
• Road Surface Type: Paved
• Roof: Composition
• SEV: 643200
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 12877.07
• Tax Legal Description: LOT 4 ALSO LOT 3 BLK 4 EX COM AT SW COR LOT 2 TH N 17 DEG 37' W 74.22 FT TH S 71 DEG 14' W 51.29 FT TH S 43 DEG 44' W 47.45 FT TH S 15 DEG 45' W 43.81 FT TH S 17 DEG 37' E 13.81 FT TH N 72 DEG 23' E 117 FT TO BEG ALSO EX COM AT NE COR OF LOT 4 TH S 32 DEG 10'06'' W 115.37' TO NE COR LOT 3 TH S 18 DEG 30'03'' E 19.50' TH N 67 DEG 11'20'' W 85.69' TH N 34 DEG 03' 15'' E 132' TH S 67 DEG 11'20'' E 66
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 3434
• Township: Saugatuck City
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
• Water Access: No
• Water Source: Public
• Zoning Description: Res 1