Mortgage Holder Needs To Liquidate - 10 New Homes

2251 Riverside Rd. Benton Harbor, MI 49084

Telephone: (269)462-9131 email: finola7@yahoo.com  www.SearchSisterLakes.com
 September, 2008

 Mortgage Holder Needs To Liquidate 
 All Written Offers - Upwards of 1 Million Dollars

 Will Be Entertained 

 
 



 
 


 

This new development,  Indian Lake Woods, is situated on the north end of Indian Lake – a 525 Acre all sports Lake, between Indian Lake Road and Brush Lake Road on School Street near Eau Claire, Michigan.

Indian Lake Woods is comprised of twenty (20) lots, eleven (11) have modern, model homes and the remaining nine (9) are ready to build on.  The plat is approved for 208 lots total for further expansion

 The Home-owners Association Fee is $60/per month, which is used for maintenance of the common elements within the community Of Indian Lake Woods. The development has municipal sewer, a community water system, asphalt streets, street lighting and many natural areas.

Currently, I am offering 10 newly constructed Homes, all in Ready to Move In condition. Each home comes with a Full Warranty, and none of the ten (10) has ever been occupied.

Eight (8) of the ten (10) homes are ranch style, with three (3) Bedrooms, two ( 2 ) Full baths, open concept kitchen, dining & living room. Two (2) car oversized attached garage, full basement with poured nine (9) foot concrete walls, concrete apron and driveway and landscaping are included with each model home.  Two (2) of the model homes are furnished and include a complimentary palate of colors in the open living area, carefully selected by a Professional Interior Designer. All homes include main floor laundry room.

The remaining two ( 2 ) homes offered here, are bi-levels, featuring two ( 2 ) bedrooms and two ( 2 ) full baths on the main level, with an unfinished lower level that can easily accommodate up to four ( 4 ) additional bedrooms, or perhaps two ( 2 ) bedrooms and a large recreational room. These two (2) homes also include oversized attached two (2) car garages.

 

$1,643,000.00 - the Mortgage holder needs to liquidate. All offers will be entertained.

The homes feature 200 amp. electrical service,  Whirlpool, white or stainless steel appliances (  Side by Side Refrigerator/Freezer with Ice & Water Station, Built in Dishwasher, Space Saver over range microwave ovens, continuous clean ranges or  counter-top ranges and built in oven and microwave ), Pella, thermo pane low-E windows, Trane high efficiency furnaces, Rheem water heaters and Moen faucets.

These new homes are beautiful, energy efficient, spacious and feature top name products from Whirlpool, Shaw, Sherwin Williams, Moen, Trane, Rheem, Dutch Country hardwood Cabinets and Pella windows. Only top line supplier construction materials were used in construction.

 Municipal sewer, central water system and underground utilities are included plus cable TV, telephone, and high speed internet service are available.

Due to the present economic conditions, and the difficulty that many home buyers are experiencing, in trying to obtain a home mortgage the mortgage holder wants to liquidate and will entertain all offers. I strongly believe, as a seasoned, experienced Associate Broker, with Siriano Real Estate Company that this development, with 10 spanking new, ready to move into homes, is a perfect opportunity for an investor. Therefore, I am now reaching out to Commercial Real Estate Brokers, from all over, since I believe that this is a wonderful opportunity and the time is right for the savvy investor.  This location is ideal for any of the following:

(a) Year Round Rentals with a monthly rent approx $1200

(b) Possibly Subsidized Housing known as Section 8 in Michigan or

(c)Seasonal Rentals

There are many Property Management Companies throughout SW Michigan, and many of the larger companies have offices in St. Joseph that manage many complexes in Dowagiac and surrounding areas.

The village of Eau Claire is approximately six (6) miles to the west, while the city of Dowagiac , (home to Southwestern Michigan College ) is only six (6) miles to the East. Dowagiac has many opportunities for fine dining and shopping. “ Sister Lakes ” village is roughly six (6) miles northwest. These three communities are surrounded by the natural beauty of the gently rolling hills, farms and lakes of southwestern Michigan in the heart of SW Michigan ’s fruit belt. Many well known Orchards and Vineyards are only a stone’s throw away.

 Residents can also enjoy access to Indian Lake through the yacht club or golf at the challenging Indian Lake Hills 27 hole course, only ½ mile down the road. You will also find the Timberline Inn Restaurant an easy walk from the development.

There are many reasons to discover Indian Lake Woods:

Prime vacation rental area just “a thankful away” from major cities  of Chicago , South Bend , Elkhart , Kalamazoo ,etc.

15 minutes to I-94

30 minutes to Four Winds Casino in New Buffalo

Chicago 105 miles

Indian Lake , 525 acre All Sports Lake         0 miles 

 Sailing, Pontoon boating, Water-skiing, Jet skiing, Tubing, Superior Large Mouth Bass Fishing, along with great Northern Pike, blue gills, Croppy etc. (I know I have done it!) Ice-Fishing also.

Indian Lake is accessible through Indian Lake Yacht Club, annual fee $80, where you can use their newly built wide boat ramp, fill up at the fuel dock and enjoy their other facilities, also a great way to meet and make friends in the area. Members, enjoy lots of social gatherings and events throughout the season.

South Bend & Notre Dame   35 miles

New Buffalo 36 miles

St. Joseph 19 miles

Lake Michigan less than 20 miles

Niles 14 miles

Swiss Valley Ski Area 25 miles

Michigan City 47 Miles

Benton Harbor 17 miles

Southwestern Michigan College 7 miles

Lake Michigan College in Benton Harbor 17 miles

Borgess Lee Memorial Hospital located in Dowagiac 6 miles

Lakeland Hospital – SW Michigan ’s Largest Hospital System, servicing the 3 counties of Berrien, Cass & Van Buren. Headquarters in St. Joseph (19 miles) while many services are offered in Niles – 14 miles and Berrien Springs 11 miles.

Amtrak High-Speed Rail Service Detroit/Chicago Line can be taken in Dowagiac – 6 miles

Go Canoeing – On Dowagiac Creek, rentals available

Snow mobiling, about ¼ mile down School street, you can access the best, well maintained, well groomed trails that will take you thru several counties of trails.

Dowagiac Union Schools| 8 schools| Bus stops outside entrance!

Airports: Dowagiac Municipal Airport , Full Class “A” Service | South Bend Regional Airport for Commercial Flights only 30 minutes.

Shopping Malls: Orchards Mall in Benton Harbor | University Park Mall in South Bend , Outlet shopping in Michigan City .

12 city and county parks in the Dowagiac area.

Enjoy the arts at one of these Dowagiac Theatres: Beckwith Theater| Southwestern Michigan College, also SW Michigan Symphony Orchestra based at Southwestern Michigan College .

For Information and lots of colored photos of these great homes, please visit my web site at www.SearchSisterLakes.com and click on FEATURED HOMES.  Also, you will find more local information under Local Resources.