37
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$525,000
Est. payment /mo
2,590 SqFt
Active
11355 Saginaw Street Mount Morris, MI 48458
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,590 sqft
Price per Sqft $202
Subdivision Mi
MLS Listing ID 50177539
Year Built 1952
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 45
Property Sub-Type Commercial/Industrial
Property Description
Cash flowing investment property with a current CAP rate of 12.7% in the city of Mt. Morris, MI. This is an all inclusive turn-key business with with profit & loss statements available for review to qualified buyers. 10 unit motel with a 3 unit renovated apartment building that is currently not being utilized with plenty of room to expand/build! Enjoy a large 3 car garage along with a workshop, as well as a maintenance room. Family owned and operated for the last 18 years with a fantastic relationship with the city! Less than 20% vacancy YEARLY! This is your opportunity to capitalize on a profitable business within a friendly municipality!
Location
State MI
County Genesee
Area Mount Morris (25031)
Zoning Mixed Use,Multi-Family,Commercial,Residential
Interior
Heating Forced Air
Cooling Central A/C, Wall/Window A/C
Exterior
Parking Features 11-20 Spaces, Parking Lot
Roof Type Shingles
Building
Foundation Basement
Water Public Water
Structure Type Brick,Vinyl Siding
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Dane Seltzer Real Estate Group