13990 E Chicago Road, Cement City, MI 49233 (MLS # 24030730)
**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.
DAYS ON MARKET
|
85
|
LAST UPDATED
|
9/3/2024
|
YEAR BUILT
|
1950
|
COMMUNITY
|
Hillsdale County - X
|
COUNTY
|
Hillsdale
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
Prior to Sep 3, '24
|
$850,000
|
Sep 3, '24 - Today |
$815,000 |
AIR |
Wall Unit(s), Window Unit(s) |
AIR CONDITIONING |
Yes |
AREA |
Hillsdale County - X |
BASEMENT |
Crawl Space, Full, Yes |
CONSTRUCTION |
Aluminum Siding |
FIREPLACE |
Yes |
HEAT |
Forced Air, Heat Pump |
LOT |
5 acre(s) |
LOT DIMENSIONS |
400X762 |
PARKING |
Asphalt, Driveway, Paved |
SEWER |
Septic Tank |
TAXES |
2595 |
UTILITIES |
Natural Gas Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected |
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Listing provided by BNR Real Estate Group, CURTIS G WATSON
Copyright 2024 MichRIC, LLC. All rights reserved.
Updated 9/7/24 5:30 PM PDT
Information Deemed Reliable But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
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