Looking for that investment property on the water? Two stand alone rental homes with two units in each home. Four units total on Mill Pond. Mill Pond is close to downtown Dowagiac and just down the street from Southwestern Michigan College. Invest in housing instead of renting while attending college and your unit could be rent free. And, it's on the water! Each with a separate entrance. There is 198 feet of private water frontage. Mill Pond is a wrapping creek over 150 acres with several channels branching off. It offers wonderful fishing, great wild life, and is especially nice for long pontoon excursions. Each unit comes with two bedrooms and one bath. Financials positively support this investment property and it has a great rental history with almost no vacancy. You haveoptions: live in one unit, to get on the water at no cost, use as a vacation home, or strictly as an income source. All of the units are in great condition with very low maintenance.
Multi-familyProperty Type
1960Year Built
0.31 acresLot Size
$93Est. Price/Sq.Ft.
8 spacesParking
Listed by Tim Mitchell• Cressy & Everett Real Estate
Looking for that investment property on the water? Two stand alone rental homes with two units in each home. Four units total on Mill Pond. Mill Pond is close to downtown Dowagiac and just down the street from Southwestern Michigan College. Invest in housing instead of renting while attending college and your unit could be rent free. And, it's on the water! Each with a separate entrance. There is 198 feet of private water frontage. Mill Pond is a wrapping creek over 150 acres with several channels branching off. It offers wonderful fishing, great wild life, and is especially nice for long pontoon excursions. Each unit comes with two bedrooms and one bath. Financials positively support this investment property and it has a great rental history with almost no vacancy. You have options: live in one unit, to get on the water at no cost, use as a vacation home, or strictly as an income source. All of the units are in great condition with very low maintenance.
REALCOMP #69017024326
Jan 16, 2018
Sold
$135,000
$45/sq ft
May 24, 2017
Listed
$149,900
$50/sq ft
SW Michigan MLS #13055033
Apr 2, 2017
Listing Removed
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Apr 5, 2016
Relisted
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Apr 1, 2016
Listing Removed
—
Sep 5, 2015
Listed
$149,900
$50/sq ft
REALCOMP #69013055033
Apr 1, 2017
Listing Removed
—
Sep 16, 2013
Listed
$149,900
$50/sq ft
SW Michigan MLS #12013693
Jan 24, 2015
Listing Removed
—
Mar 14, 2012
Listed
$139,900
$47/sq ft
SW Michigan MLS #10022437
Jan 24, 2015
Listing Removed
—
May 14, 2010
Listed
$164,900
$55/sq ft
SW Michigan MLS #13007528
May 16, 2013
Sold
$125,000
$42/sq ft
Feb 7, 2013
Listed
$129,900
$43/sq ft
REALCOMP #69013007528
May 16, 2013
Sold
$125,000
$42/sq ft
Feb 7, 2013
Listed
$129,900
$43/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Cass County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 9, 2023.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 8
Parking Features: Unpaved
Interior
Heating & Cooling
Has Heating
Heating: Baseboard, Electric
Room Information
Has Basement
Basement Details: Full, Walk-Out Access
Exterior
Exterior Features
Roof: Composition
Building Information
Construction Materials: Aluminum Siding
Property Features
On Waterfront
Waterfront Features: Lake, Pond, Waterfront, Waterfront Access