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
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
Exterior
Exterior Feature Fenced
Utilities Available Security Alarm
Roof Type Shingle
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Vinyl
Schools
School District Mt. Morris
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Full Service