$630,000
$650,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
5 Acres Lot
SOLD DATE : 04/19/2024
Key Details
Sold Price $630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 55024007084
Sold Date 04/19/24
Bedrooms 2
Originating Board Jackson Area Association of REALTORS®
Year Built 1950
Annual Tax Amount $2,595
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 400x762
Property Description
Located in the heart of the lake country, Somerset Motel continues to be a staple in the community for over 37 years serving everyday travelers, Michigan Speedway guests, Faster Horses fans, golf outing group, wedding parties, and family reunions. Offered for sale is the 1900 sq. ft. home with 14 rental units and a community room, all on five acres. The sprawling ranch home features a business office, 3 bedrooms, 3 bathrooms, living room, kitchen, dining room, walk-up attic, and full walkout basement with commercial laundry. The home offers garage space for 3 vehicles. The N units and community room (bonus income) total 2130 sq. ft. and the W units total 2450 sq. ft. All units on the property are furnished and have refrigerator, microwave, heat, A/C, cable TV, ...(more remarks)......(more remarks)... Wi-Fi, and phones. On 5 acres, huge yards offer firepit and room tents, pavilion, and outdoor games. Opportunity exists to be an onsite owner or make the home 1 or 2 additional units. Do not trespass, disturb owners, or disturb tenants. Cash, Commercial Loans, 1031 Exchanges. 15% CAP RATE. No Land Contract sales. Qualified Purchasers should contact a Commercial Realtor with your questions or schedule a private tour.
Location
State MI
County Hillsdale
Area Somerset Twp
Direction US12 (Chicago Rd) WEST of US127
Rooms
Basement Walkout Access
Interior
Interior Features Laundry Facility, Cable Available
Heating Baseboard, Forced Air, Wall/Floor Furnace
Cooling Central Air, Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 40.0
Roof Type Composition,Other
Accessibility Accessible Approach with Ramp, Accessible Entrance, Other Accessibility Features
Road Frontage Paved
Garage no
Building
Foundation Crawl, Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Aluminum
Schools
School District Addison
Others
Pets Allowed Yes
Tax ID 040114000031151
Acceptable Financing Cash, Conventional, Trade/Exchange
Listing Terms Cash, Conventional, Trade/Exchange
Financing Cash,Conventional,Trade/Exchange
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2024 Realcomp II Ltd. Shareholders
Bought with BNR Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "