11355 Saginaw Street Active Save Request In-Person Tour Request Virtual Tour
Mt. Morris,MI 48458
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,590 sqft
Price per Sqft $202
MLS Listing ID 5050177539
Year Built 1952
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 45
Source East Central Association of REALTORS®
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 Mt. Morris
Zoning Commercial,Multi-Family,Multiple,Residential
Interior
Hot Water Natural Gas
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Utilities Available Security Alarm
Roof Type Shingle
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Additional Building Other
Structure Type Brick,Vinyl
Schools
School District Mt. Morris
Others
Tax ID 5712529066
Ownership Corporate/Relocation,Short Sale - No
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Full Service