7945 Crescent Beach Unit #12. Sand Point, MI

INVESTMENT OPPORTUNITY!! This two-building condominium/residential complex consists of 12 – 2-bedroom, 2 bath, furnished individual units that come with a deeded sandy beach access. 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 fully refundable deposit is required to save your spot. These units may be used as a short-term rental 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 have not been determined at this time; however, they are projected to be approximately $200/month which include natural gas, electric, water, snow removal, yard maintenance, building insurance, and two monthly passes to the onsite spa. This SPA includes a fitness facility, indoor heated pool, sauna, and hot tub. Fiber optic network is available on site for an additional $52/ month.
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