This 13-room motel, currently operated as monthly rentals, generates steady cash flow with a mix of small to large efficiency units. A separate 3-bedroom, 1-bath home offers additional income or a place for on-site management. Situated on 1.31 acres in a high-visibility location, the property also includes a newer laundry room for tenant convenience and multiple storage sheds. Strong rental history and room to grow--an ideal investment opportunity!
General Information
Price: $485,000
Price/SqFt:
Status:
MLS#: 201834626
City: cheboygan
Post Office:
Schools: cheboygan area
County: Cheboygan
Acres: 0
Lot Dim: 1.31 acres
Year Built: 0
Property Type: Hospitality
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Listing Courtesy of: Missy Koszegi of COLDWELL BANKER SCHMIDT CHEBOYGAN
