722 Lake Street, Saugatuck, MI 49453 (MLS# 26024016)

Laundry Features: Gas Dryer Hookup; In Basement; Laundry Chute; Sink

Exterior Material: Aluminum Siding

Roofing: Composition

Substructure: Full

Lot Description: Sidewalk; Wooded

Sewer: Public Sewer

Water: Public Water

Utilities Attached: Natural Gas Connected; Phone Connected

Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer

Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water

Tenant Pays: None

Heat Source: Natural Gas

Heat Type: Forced Air

Air Conditioning: Central Air; Window Unit(s)

Driveway: Asphalt

Street Type: Paved; Public

Mineral Rights: Unknown

Terms Available: Cash; Conventional; VA Loan

Possession: Close Of Escrow

Sale Conditions: None

Unit 1: Central Air; Deck/Patio; Dishwasher; Fireplace; Garb Disp; Range Oven; Refrigerator; Washer/Dryer

Unit 2: Central Air; Deck/Patio; Dishwasher; Range/Oven; Refrigerator

Unit 3: Central Air; Refrigerator

An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of historic charm, modern updates, and extraordinary short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a proven and highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending timeless craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, stunning full bathroom, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms and a large loft area currently utilized as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property - the perfect retreat after a day in town or at the lake. The lower level includes an additional family room, laundry area with shower, and two oversized storage rooms, providing ample space for owners and guests alike. The renovated carriage house has been thoughtfully transformed into two separate rental units. The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a beautifully finished full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests, making it ideal for extended stays or premium STR income. Outside, a fully equipped storage shed is stocked with amenities and essentials for guests, further enhancing the property's turnkey appeal. Whether you're seeking a high-performing investment property, a personal getaway with income potential, or a one-of-a-kind Saugatuck compound, this property delivers unmatched versatility, location, and earning potential.