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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
