Small cabin with a 6 unit Motel near Houghton Lake

Hospitality for Sale
Catylist Listing ID: 30835733
Property Subtypes: Bed & Breakfast, Motel, Vacation Rental(s), Other
Number of Units: 9 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $119,900
Unit Price: $13,322.22 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/6/2023

Overview / Comments

Motel has (6) units with utility room. The property also has a small cabin 2 bedrooms (loft is considered 2nd bedroom) and 1 bath, log wood interior. This property could be bundled with the house on the Lake.

Additional Details

Nearest MSA: Cadillac
County: Roscommon
Tax ID/APN: 003-370-181-0000
Retail Clientele: Business, Traveler, Tourist
Property Visibility: Fair
Largest Nearby Street: M-55
Nearby Attractions: Houghton Lake
Total Number of Buildings: 2
Heat Type: Natural Gas
Internet Access: Cable
Water Service: Well
Sewer Type: Municipal
Legal Description: L-971 P-290 (L-890 P-579)223 LOTS 181 TO 184 IDLEWILD RESORT PP:003-370-178-1000.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,094 4,232 8,985
Median Age: 50.03 49.78 51.56
Households: 534 1,955 4,193


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