11355 Saginaw ST Active Save Request In-Person Tour Request Virtual Tour
Mount 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
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 Area08242Mtmorris
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir, WallWindowUnits
Exterior
Parking Features ParkingLot,Other
Fence Fenced
Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, NaturalGasConnected
View Y/N No
Roof Type Shingle
Building
Foundation Basement
Sewer PublicSewer
Water Public
Schools
School District Mtmorris
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo