11355 Saginaw ST, Mount Morris, MI 48458 - MLS#5050177539

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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$525,000

Est. payment - /mo

2,590 SqFt

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UPDATED:

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

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Listed by Gabriel Rodriguez of Dane Seltzer Real Estate Group

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker | License ID: 308761

Broker License ID: 308761

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11355 Saginaw ST Mount Morris, MI 48458

Coldwell Banker Town & Country Real Estate

Key Details

Location

Interior

Exterior

Building

Schools

Others

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