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9062 W Lake City

Lake Twp, MI 48629
  • $299,900
  • STATUS: Active
  • ON SITE: 1016 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



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus 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: 2022-09-27T23:56:36.737.
www.nexushomesearch.com/homes/101759996
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9062 W Lake City Lake Twp, MI 48629

  • Price: $299,900
  • Status: Active
  • On Site: 1016 Days
  • 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

Architecture Level 1 Story Construction Materials Block/Concrete/Masonry 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

Building Area Source Prior Listing Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 5500 Sq Ft Office 100 Unit Efficiency Number Of 10 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Business Type Residential Commercial Type Business And Real Estate Current Use Rental Deposit Amount 100000.00 Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 75000.00 Inventory Included YN No Land Contract YN Yes Land Interest Rate 7 Land Payment 3000 Land Terms 36 Legal Rental Certified YN Yes Listing Financing CashContractConventional Monthly Sales 6500 Net Operating Income 37500.00 Operating Expense 37500.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Houghton Lake Protection Period 180 Rent Includes Cable TvElectricInternetWater/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Settlement Township Sewer Septic Tank (Existing) Short Sale No Tax Amount Summer 755.0000 Tax Amount Winter 4248.0000 Title Standard (Private) Total Tax 5003.0000 Unparsed Address 9062 W Lake City Water Source Well (Existing) Zone Conform YN Yes Zoning CommercialMulti-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Exp Realty Llc: (888) 501-7085 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus 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: 2022-09-27T23:56:36.737.
 
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