13990 E Chicago Road, Cement City, MI 49233 (MLS # 24030730)

PRICE	$815,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	5.00 ac

**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	123	LAST UPDATED	9/3/2024
YEAR BUILT	1950	COMMUNITY	Hillsdale County - X
COUNTY	Hillsdale	STATUS	Active
PROPERTY TYPE(S)	Multi Family

PRICE HISTORY
Prior to Sep 3, '24	$850,000
Sep 3, '24 - Today	$815,000

ADDITIONAL DETAILS
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

Updated 10/15/24 5:50 PM PDT

Information Deemed Reliable But Not Guaranteed.

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