$525,000 for Sale
11355 saginaw, mount morris, MI 48458
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!
General Information
Sale Price: $525,000
Price/SqFt: $203
Status: Active
MLS#: 50177539
City: mt morris
Post Office: mount morris
County: Genesee
Acres: 0.16
Lot Dim: 45
Size: 2,590 sq.ft.
Acreage: 0.16 est.
Year Built: 1952
Property Type: Commercial/Industrial
Tax, Fees & Legal
Information provided by East Central Association of REALTORS
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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Gabriel Rodriguez of Dane Seltzer Real Estate Group
