5692 N Us 31
Levering,
MI
49755
Property Details
List Price: |
$495,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
4760 |
Agency: |
Michigan Properties Network |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1971 |
Notes: |
Terms Available! LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 9.6% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up! |
MlsNumber: |
468576 |
Estimate Your Monthly Payment
Listing Provided By: |
Michigan Properties Network, original listing |
Name: |
Michigan Properties Network |
Phone: |
(231) 487-0700 |
Office Name: |
Sue Louiselle, Broker |
Office Phone: |
(231) 835-1555 |
Agent Name: |
Sue Louiselle |
Disclaimer: |
Copyright © 2024 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |