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Karen Austin

[email protected] +1(517) 290-4493

$ 815,000

Est. payment -/mo

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Active

13990 E Chicago Road Cement City, MI 49233

5 Acres Lot

UPDATED:

09/03/2024 11:12 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Somerset Twp

MLS Listing ID 24030730

Originating Board Michigan Regional Information Center (MichRIC)

Year Built 1950

Annual Tax Amount $2,595

Tax Year 2023

Lot Size 5.000 Acres

Acres 5.0

Lot Dimensions 400X762

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

Direction DO NOT VISIT PROPERTY WITHOUT A CONFIRMED APPOINTMENT. DO NOT DISTURB OWNER OR TENANTS/GUESTS. Provide documentation of ability to purchase prior to requesting a showing. Some information is rounded/estimated. Purchaser to verify all data to their satisfaction.

Rooms

Basement Crawl Space, Full

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

Street Surface Paved

Parking Type Asphalt, Driveway, Paved

Total Parking Spaces 40

Building

Sewer Septic System

Structure Type Aluminum Siding

New Construction No

Schools

School District Addison

Others

Tax ID 04-011-400-003-11-5-1

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Listed by BNR Real Estate Group

Karen Austin

Broker Associate

+1(517) 290-4493

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Karen Austin

Karen Austin

13990 E Chicago Road Cement City, MI 49233

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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13990 E Chicago Road