37
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$525,000
Est. payment /mo
2,590 SqFt
Active
11355 Saginaw Street MI 48458
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,590 sqft
Price per Sqft $202
MLS Listing ID 50177539
Year Built 1952
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Industrial
Source MiRealSource
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 Genesee County - 10
Zoning Mixed Use,Multi-Family,Co
Interior
Heating Forced Air
Cooling Central Air, Wall Unit(s)
Exterior
View Y/N No
Building
Sewer Public
Structure Type Vinyl Siding,Brick
Listed by Dane Seltzer Real Estate Group