Mt. Morris, MI 48458,11355 Saginaw Street
Mt. Morris, MI 48458,11355 Saginaw Street
Mt. Morris, MI 48458,11355 Saginaw Street
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$525,000
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2,590 SqFt
Active

11355 Saginaw Street Mt. Morris, MI 48458

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,590 sqft

Price per Sqft $202

MLS Listing ID 5050177539

Year Built 1952

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 45

Source East Central Association of REALTORS®

Property Description

Cash flowing investment property with a current CAP rate of 12.7% in the city of Mt. Morris, MI. This is an all inclusive turn-key business with with profit & loss statements available for review to qualified buyers. 10 unit motel with a 3 unit renovated apartment building that is currently not being utilized with plenty of room to expand/build! Enjoy a large 3 car garage along with a workshop, as well as a maintenance room. Family owned and operated for the last 18 years with a fantastic relationship with the city! Less than 20% vacancy YEARLY! This is your opportunity to capitalize on a profitable business within a friendly municipality!

Location

State MI

County Genesee

Area Mt. Morris

Zoning Commercial,Multi-Family,Multiple,Residential

Interior

Hot Water Natural Gas

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Exterior Feature Fenced

Utilities Available Security Alarm

Roof Type Shingle

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Additional Building Other

Structure Type Brick,Vinyl

Schools

School District Mt. Morris

Others

Tax ID 5712529066

Ownership Corporate/Relocation,Short Sale - No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service


Realcomp MLS
Listed by Gabriel Rodriguez of Dane Seltzer Real Estate Group

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agent

Amy Greenwood

Agent | License ID: 6501404660

+1(248) 318-8542

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11355 Saginaw Street