9062 W Lake City

    Lake Twp, MI 48629
    • $299,900
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: 219123071
    $299,900
    • 0
      BEDS
    • 1.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,500
      SQFT
    • $55
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:
    Area:
    Zoning:
    Commercial,Multi-Family
    Lot Size Dimensions:
    264X200x262x99

    School Ratings & Info

    School District:

    Description

    Opportunity to own an operational motel located within a football toss to Houghton Lake, generating $70,000 gross per year.

    Monthly Payment Calculator



    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Buckley Jolley Real Estate Team are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-04-03T23:55:58.197.
    www.buckleyjolley.com/homes/101759996

    9062 W Lake City Lake Twp, MI 48629

    • Price: $299,900
    • Status: Active
    • ID#: 219123071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.19
    Acres
    5,500
    SQFT
    $55
    $/SQFT
    1930
    Built
    Neighborhood:
    Lake Twp
    County:
    Roscommon
    Area:
    Lake Twp
    School District:
    HOUGHTON LAKE
    Property Description
    Opportunity to own an operational motel located within a football toss to Houghton Lake, generating $70,000 gross per year.
    Exterior Features

    Airport YN Yes Architecture Level 1 Story Construction Materials Block/Concrete/Masonry Distance To Airport 1 Distance To Interstate 5 Distance To Waterway 1 Foundation Details Slab Foundation Materials Poured Interstate YN Yes Lot Size Dimensions 264X200x262x99 Road Frontage Feet 264 Road Frontage Type Paved Waterfront YN No Waterway YN Yes

    Interior Features

    Heating Cooling Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Main 5500 Unit Efficiency Number Of 10 Water Heater Fuel Natural Gas

    Property Features

    Business Type Residential Commercial Type ApartmentsCommercial Current Use Rental Deposit Amount 100000.00 Encroachment YN No Exclusions YN No Gross Scheduled Income 75000.00 Land Contract YN Yes Land Interest Rate 7 Land Payment 3000 Land Terms 36 Legal Rental Certified YN Yes Listing Financing CashConventionalLand Contract Monthly Sales 6500 Net Operating Income 37500.00 Operating Expense 37500.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession At Close Postal City Houghton Lake Protection Period 180 Settlement Township Sewer Septic-Existing Short Sale No Tax Amount Summer 755.0000 Tax Amount Winter 4248.0000 Title Private - Owned Total Tax 5003.0000 Unparsed Address 9062 W Lake City Water Source Well-Existing Zone Conform YN Yes Zoning CommercialMulti-Family

    IDX provided courtesy of Realcomp II Ltd., via Exp Realty Llc and Realcomp, ©2020 Realcomp II Ltd. Shareholders.


    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Buckley Jolley Real Estate Team are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-04-03T23:55:58.197.
     
    The Buckley Jolley Real Estate Team
    323 W. Main St., Suite 201
    Brighton MI, 48116