13015 M-32 Atlanta, MI 49709

Price
Not For Sale
Last Update
May 20th, 2021
Type
Off Market
Status
Off Market
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3 Beds
1 Bath
1465 sqft
Off Market

Snapshot

Property Type
Other
Lot Size
1.33 acres
Property Sqft
1,465
MLS Number
317092
Year Built
Days On Market

Description

House, motel, cabin, & 87' of frontage on the Thunder Bay River. Gross rent is $6150/mo @ 100% occupancy running 80+% occupancy. Month-to-month guest agreement (easy eviction). 9 motel units rent: $500/mo (7) to $600 (2). Cabin @ $600/mo. House with attached reception office rents @ $800. House is 2-3 Bdr/1 Bth with private door into reception/office. On-site coin-operated laundry. ROI estimated at 17%. Land Contract: 25% down, Interest @ 8%, Amort. at 20.2 yrs = $1250/mo. pmt. 3 yr. Balloon Pmt. Great opportunity to work from home with easy access to Pigeon River State Forest & Thunder Bay River frontage, or investors looking for cash flow. Conveys as currently equipped. Verification of sufficient funds or pre-approval letter prior to confirmation of showing request; 48 hr. notice.

More Details

Provider
Coldwell Banker Schmidt Family Of Companies
MLS ID
CBSCHMIDT
MLS Name
Coldwell Banker Schmidt REALTORS
MLS Number
317092
Source
listhub
PARTICIPANT
Name
Mike Heath
Primary Phone
(989) 619-0400
Key
3YD-CBSCHMIDT-5532881
Email
mike.heath@cbgreatlakes.com
BROKER
Name
Coldwell Banker Schmidt Family Of Companies
Phone
OFFICE
Name
Coldwell Banker Schmidt Realtors - Gaylord
Phone
(989) 732-6777
Copyright © 2024 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

History

DateEventPrice$/SqftSource
Listing Removed For Sale$200,000 $137Schmidt Realtors
Price Changed$200,000 -11.11%$137Schmidt Realtors
Listed For Sale$225,000 $154Schmidt Realtors
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