Renovated Two-Bedroom VRBO
1401 Saint Clair Boulevard Algonac, MI 48001
New
For Sale
$214,900
Fully renovated two-bedroom cottage operated as a VRBO plus a separate salon rental space.
Days on Market5
Property Features for 1401 Saint Clair Boulevard
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
9999
Listing Agency:
RE/MAX Advisors
(810) 300-0262
Listed By:
Laura Janski · License #6501328247
(810) 300-0262
Source:
Carolbollo
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 29 at 7:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advisors
Investment Insights
Based on property information with market context.
This short-term rental property includes two separate sections designed to produce multiple streams of rental income. The larger portion is a fully renovated two-bedroom cottage currently operated as a VRBO, featuring an open living area, a full kitchen, a warm wood ceiling, and in-cottage amenities including a Smart TV and Wi-Fi. The cottage also includes on-site trailer parking.
The second section is a smaller salon space that provides additional monthly rental income. The property is located about two blocks from the public boat launch and within walking distance of downtown Algonac, with convenient access to the St. Clair River and Lake St. Clair, as well as marinas, fishing, parks, dining, and waterfront activities.
With both a renovated VRBO cottage and a separate salon rental space on-site, the layout supports flexible income generation within one property footprint.
The second section is a smaller salon space that provides additional monthly rental income. The property is located about two blocks from the public boat launch and within walking distance of downtown Algonac, with convenient access to the St. Clair River and Lake St. Clair, as well as marinas, fishing, parks, dining, and waterfront activities.
With both a renovated VRBO cottage and a separate salon rental space on-site, the layout supports flexible income generation within one property footprint.
Key Highlights
- Fully renovated two‑bedroom cottage operated as a VRBO
- Open living area plus full kitchen in the cottage
- Smart TV and Wi‑Fi included in the VRBO cottage
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $18.96 |
| − Vacancy | −$692 | −$0.49 |
| EGI | $25.9k | $18.47 |
| − OpEx | −$7.8k | −$5.54 |
| NOI | $18.1k | $12.93 |
1,404 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$971.9K
$850.4K – $1.13M
NOI $68,030 @ 7.0% cap · market cap 31.66%
Second Best
Retail
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 8.45%
Theoretical Best
Multifamily LT 5
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 34.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - Fully renovated two-bedroom cottage operated as a VRBO plus a separate salon rental space.
Where is this short term rental property located?
The property is located at 1401 Saint Clair Boulevard Algonac, MI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Fully renovated two‑bedroom cottage operated as a VRBO; Open living area plus full kitchen in the cottage; Smart TV and Wi‑Fi included in the VRBO cottage
