8540 W Silver Lake Road
$537,500, 7 Beds 4 Baths 2,373 Sqft .4 Acres
About This Property
3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake. Weekly summer rentals at $4650 for all 3 together to sleep 20 people. 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottage with new flooring. Plus a 3 bedroom, 2 bath connected to another 3 bedroom, 1 bath. $15,000 new septic installed April 2017. 2018 rental income $47,000. 2017 rental income $50,918. 2016 rentals totaled $50,294.
All Window Trtmt, Ceiling Fans, Gar Door Opener, Ceramic Floor, Wood Floor
Dryer, Oven, Range, Refrigerator, Washer, Microwave, Dishwasher
Beacon Sotheby's International Realty
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Listing information last updated on August 21st, 2019 at 6:30am CDT.