$579,000
●
House -
Off Market
9174 Shaffner Street
Lakeside, MI 49116
7 Beds
5 Baths
3,180 Ft²
$5,610
Est. Monthly
11.15%
Cap Rate
About This Property
Great opportunity main house has a relative apartment attached with
its own entrance and separate suite. The owners are using the
Orchard beach ingress to the beach. Lots of large windows allow
natural light to brighten the interior. Not much yard to maintain,
but you can park guests cars easily while parking yours in the
attached garage. Also an outside shower to wash away the sand after
a day at the beach.
Unit Size
3,180 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$182
Property Type
House
Property Taxes
$2,767
HOA Dues
-
Year Built
1940
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MichRIC MLS #14043145)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | Listed by Coldwell Banker Realty | $1,250,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
A stunning open floor plan with a 2-story wall of windows brings your beach house dreams to life in this 6br/5ba home 2 blocks from a gorgeous private beach in the heart of Lakeside. This unique home is ideal for entertaining, with a generous living area with a stone fireplace, open kitchen/dining area and 3 bedrooms on the main floor. The upstairs en suite has a balcony overlooking the living area! Connected guest quarters includes a second kitchen, full bath and lounge area with a fireplace, and has its own entrance too. There is even more guest space in the studio with full bath, sleeping loft and private entrance. The second lot is beautifully landscaped and enhances your privacy, while making ample room to add a pool. This home would make a great vacation rental!
| |||
| Nov 30, 2018 | Sold | ||
| Sold | |||
| Apr 18, 2017 | Listed by Coldwell Banker Realty | $485,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
a beach home for either a getaway, vacation home, year around home or use as an income source.. 7 bedrooms and 5 baths. A front wall of windows makes for a cheerful main living area. over 3,000 sq feet of living area and the gas fireplace also makes this a great spot to hang out at when not at the beach.
| |||
| Jul 28, 2014 | Listed by Coldwell Banker Realty | $579,000 | |
| Listed by Coldwell Banker Realty | |||
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Property Highlights
Garage
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Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Berrien
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Listed by: Louis Price, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14043145
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14043145
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