13990 E Chicago Road

Cement City, Michigan 49233

  • 6 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 5
    Acres(Lot)
$815,000

Description

**seller will consider land contract terms** this property features 3 buildings with 14 motel rooms and a versatile apartment for a 15th room or air bnb. recent renovations and a new business model boosted average daily rates by 20% in may and 34% in june. the ranch home offers 2 beds, 1 bath, and an attached garage- perfect for a long term tenant/ str or an owner-operator. located a stone's throw from lake somerset, three other lakes within 2 miles (as well as the other 52 lakes in the irish hills area), hotspot for visitors attending events at the michigan international speedway, faster horses festival, various wedding and event venues, wineries, a charming cider mill, local parks, and renowned hunting spots. ideal for investors seeking growth in a prime recreational area.this property is managed using 'stayntouch' software (pms) that allows for operation from anywhere. new 'dormakaba' locks for all units have network connection to allow for automated check in, keypad access through integration with stayntouch. booking, check-in and check out can all be done electronically with a smartphone.

  • Property Type

    Multifamily

  • County

    Hillsdale

  • Style

    Multifamily

  • AD ID

    46095468

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Property Details

  • Interior Features

    • Cable Available
    • Roof : Composition,Other

    Heating & Cooling

    • Cooling: Wall Unit(s),Window Unit(s)
    • Heating: Forced Air,Heat Pump
    • Heating Fuel: Heat Pump,Electric,Natural Gas

  • Building Information

    • Year Built: 1950
    • Total Units: 17
    • Roof: Composition,Other
    • Foundation/Basement: Crawl

    Utility Features

    • Sewer: Septic Tank (Existing)

    Water

    • Well (Existing)

  • Lot Information

    • Lot Size: 5.00
    • Dimensions: 400X762

    Property Information

    • Financing: Cash,Contract,Conventional

  • Listing Price Information

    • Original List Price: $850,000

    Listing Information

    • Possession: At Close
    • Legal Description: SEC 11 T5S R1W 5 A M/L

  • Tax Information

    • Annual Tax: $2,595
    • Parcel Number: 040114000031151

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: SEC 11 T5S R1W 5 A M/L

  • Parking Information

    • Parking: 40

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 4

    Unit 2 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Well (Existing)
    • Sewer:Septic Tank (Existing)
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BuyOwner last updated this listing 11/20/2024 @ 08:35

  • MLS: 609218022
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 6 bedrooms which is for sale, it has 0 sqft, 5 sized lot, and Paved parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Cement City , in zip code 49233, this Hillsdale County Multifamily and are nearby neighborhoods.