$500,000
$500,000
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1091 W U.S. 2 Moran Twp, MI 49781
4 Beds
1.9 Acres Lot
Key Details
Sold Price $500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 71022014345
Sold Date 06/02/22
Bedrooms 4
Originating Board West Michigan Lakeshore Association of REALTORS
Year Built 1958
Annual Tax Amount $3,411
Lot Size 1.900 Acres
Acres 1.9
Lot Dimensions 125X208X201X230X250X484
Property Description
What a great investment opportunity! Located within 3 miles of the Bridge and 3.5 miles from the Ferry, this motel property has been converted to a 9 unit efficiency apartment building allowing for consistent & steady cash flow. The 5 one bedroom units lease for $700 and the 4 two bedroom's lease for $750. The upper level unit is ideal for an onsite managers unit complete with a 608' deck with views of the Lake! There is an onsite coin laundry for all units to use. Tenants pay for electric which is heat & water, owner pays for cable, internet & water currently. Leases are all on a month to month basis but long term rental history for most. Last unit (2nd level) will be leased as of June 1st. Sale to include parcel #008-023-026-10 and 008-900-072-00
Location
State MI
County Mackinac
Area Moran Twp
Direction US 75 north to US-2 east to address
Interior
Interior Features Cable Available
Heating Baseboard
Fireplace no
Heat Source Electric
Exterior
Garage Spaces 12.0
Roof Type Composition
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Public (Municipal)
Structure Type Vinyl
Schools
School District St. Ignace City
Others
Pets Allowed Yes
Tax ID 00802302300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Non member WMLAR