11355 Saginaw Street Active Save Request In-Person Tour Request Virtual Tour
Mount Morris,MI 48458
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,590 sqft
Price per Sqft $202
Subdivision Mi
MLS Listing ID 50177539
Year Built 1952
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 45
Property Sub-Type Commercial/Industrial
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 Mount Morris (25031)
Zoning Mixed Use,Multi-Family,Commercial,Residential
Interior
Heating Forced Air
Cooling Central A/C,Wall/Window A/C
Exterior
Parking Features 11-20 Spaces,Parking Lot
Roof Type Shingles
Building
Foundation Basement
Water Public Water
Structure Type Brick,Vinyl Siding
Others
Ownership LLC
SqFt Source Public Records
Energy Description Natural Gas
Financing Cash,Conventional