Michigan Shores (a member-owned 55+ housing cooperative) is situa $40,043

Lake Condo Off Market

Michigan Shores (a member-owned 55+ housing cooperative) is situated on a majestic ridge overlooking Lake Michigan. Tucked within 19 beautiful wooded acres, it offers spacious, secure apartments supporting an active lifestyle. - For sale is a Membership at Michigan Shores which begins with a one-time payment ($40,043) that purchases a share in the Cooperative. - The difference between co-op living and conventional home ownership or a condo/townhouse relates to ownership and upkeep. - Michigan Shores co-op members--not a separate company--own and manage the building. Members meet in committees to handle maintenance, accounting, landscaping, investing, decor and events. Unit 101-J is a 904 sq. ft., main floor, two bedroom/one bath private end unit with no neighbor on the south. - There is a monthly fee of $1095 which covers expenses related to co-op operation: apartment rent, real estate taxes and insurance, heat, basic-expanded cable TV, garbage/recycling, snow plowing, gardening and outdoor maintenance. The monthly fee does not include upgraded TV channels, internet, electricity and telephone. There is also a one-time Capital Fee of $6,092 (15% of the Member Share Cost) payable upon membership acceptance. - As an owner-member, you will enjoy a turnkey residence in a lively community with time to enjoy walking trails, beautiful gardens and wildlife just outside your window. - Just minutes from the port city of Frankfort, a bustling resort community with plentiful shopping, excellent restaurants, and a wonderful hometown feel. Walk to downtown Frankfort in 15 minutes, bike it in ten, and drive there in just five. - Shown by appointment only. - Please contact a Realtor today to learn more about the Michigan Shores Life! - MEMBERSHIP SALE - until 10-31-20 - Capital Fee reduced 50%, Now only $3003!