Thriving motel with cabin, RV sites and free 2 bdrm home included!!
Hotel, Motel, Lodging
Ogemaw County, MI
BMLS#: 41416869
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| Asking Price ($): |
$199,500.00
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| Cash Down ($): |
On Request
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| Gross Revenue/Annual Volume ($): |
$100,000.00
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| Cash Flow/Net Income ($): |
On Request
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Sounds too good to be true? There is so much here for so little money!! You are set up for success with this 13 unit motel that's turn-key; includes everything you need to just move in and start making money! Price includes motel plus a one bedroom cabin, a 2 bedroom house, 4 full RV sites (each site has water, sewer, electric), a large garage, 2 storage rooms, 2 laundry areas, pop/game room (room for more vending and games) all on over 2 nicely lanscaped acres on the main road through town. Five rooms with kitchens and the cabin are all booked for the next four months at a rate of $800 - $900 per month; other rooms rent for $40 - $75 per night. You do the math! Motel is sharp with an excellent reputation and year round repeat clientel. The home could use some TLC (cosmetics like paint and flooring), but with a little bit of work it will be a fine home. Super location right off of I-75 and less than 1 mile from beautiful, victorian, downtown West Branch. There is always something going on here!! A safe and super community with great schools and friendly people; art fairs, film festivals, bike ralleys, outlet shopping and antiques, area hub for hunting, fishing, snowmobiling (only motel in area with direct access to trail head), about 1/2 between Houghton Lake and Tawas...1/2 way between Detroit and Mackinaw....lots of driveby traffic. Just minutes from all convienances, yet you feel as if you are miles away! Enjoy the Up-North lifestyle...clean water, clean air and a camp fire out back....have a job and home built in! Great investment, hurry!
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Country:
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USA
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State:
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MI
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County:
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Ogemaw
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Sq. Ft. of Premises:
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7,000
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| Facilities: |
| Facilities as follows
-1 one bedroom cabin
-4 doubles with kitchens
-1 queen with kitchen
-4 doubles (2 beds)
-2 queens
-1 double
all rooms come equipped with microwave, fridge, full size coffee pots, cable TV (with HBO), phones, alarm clocks, free wireless internet, all furnishing, bedding, towels etc...included in price. Rooms with kitchens all include toaster, dishes, silverware, pans etc. Most rooms are updated and in good shape with lots of new TV's, appliances, carpets, bedding. Room front parking plus extra lot for trucks and trailers. RV sites rent for $400/month or $20/nightly for additional income. 2 bedroom home has front office, laundry room, area for home office or dining room, large living room with small covered front porch and a fenced yard. Will give training for 5 days included in price. Contact me for any more info! |
Inventory Included in Price?:
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yes
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Financing Terms:
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00.00
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Real Estate Available:
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yes
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Lease Expiration:
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2050
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