13990 E Chicago Road Active Save Request In-Person Tour Request Virtual Tour
Cement City,MI 49233
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24030730
Year Built 1950
Annual Tax Amount $2,595
Tax Year 2023
Lot Size 5.000 Acres
Property 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. 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.
Location
State MI
County Hillsdale
Area Hillsdale County - X
Interior
Heating Forced Air,Heat Pump
Cooling Window Unit(s),Wall Unit(s)
Fireplaces Number 3
Laundry Other
Exterior
Garage Asphalt,Driveway,Paved
Utilities Available Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected
Waterfront No
View Y/N No
Roof Type Other,Composition
Building
Sewer Septic System
Structure Type Aluminum Siding
New Construction No
Schools
School District Addison
Others
Acceptable Financing Cash,Conventional,Contract
Listing Terms Cash,Conventional,Contract