5692 N US 31 Highway 5692 N US 31 Highway Levering, Michigan 49755 United States
5692 N US 31 Highway Levering, Michigan 49755 United States
$560,000
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LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 9.6% Cap Rate. Excellent rental...
- Multi-Family Homes
- Property type
- 1971
- Year Built
- 468576
- Web Id
- 468576
- MLS ID
- 252
- days ago
About 5692 N US 31 Highway
LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 9.6% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up!
PROPERTY INFORMATION
- Basement
- Slab
- Sewer
- Septic
- Water
- Well
- Waterfront
- Neither
EXTERIOR
- Construction
- Wood Frame
- Roofing
- Asphalt Shingles
ADDITIONAL INFORMATION
- Number of Units
- 13
Listing Courtesy of Sue Louiselle, Broker