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Home For Sale Michigan Battle Creek 5547
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Motel For Sale By Owner

Excellent Revenue Stream




1351 COLUMBIA AVENUE, Battle Creek, Michigan 49015 United States
Description

This motel is on a busy road in the city of Battle Creek. The property is in a great location, close to bus lines, restaurants, entertainment, grocery stores and any other type of activity someone would be looking to do. The buildings have undergone remodeling including, plumbing, electrical upgrades and room renovations. Most all guests are long term. There are quite a few state pay tenants who pay by the month. Tenants can pay by the day or by the week. There are currently no day pay residents, just bi-weekly and monthly (state paid). There is an onsite coordinator who facilitates rent collections as well as handling day to day operations. We are preparing for a move out of state and are hoping to sell before the move. This is NOT a need to sell property, we feel it would be best suited for someone who is local and prefer not manage from out of state. If we were not moving, we would not be selling. This is a great cash flow property!

Business included in Sale? Yes

Income/Expense Info: Actual

Financial: 2018

Gross Income: $98

Operating Expenses: $35

Net Operating Income: $63

Debt Information: Existing

Loan Amount: $107

Interest Rate: 8 %

Amortized: 15 Years

Due In: 5 Years

Down Payment: Call for price

Price: Contact For Price
Property Sub-Type: Motel
Average Occupancy: 98 %
Cap Rate: 29 %
Total Building Size: 4440 SF
Total Lot Size : .845 Acres
Year Built : 1948
No of Stories: 1
No of Parking Stalls: 30
Listing ID: 5547

Map of: 1351 COLUMBIA AVENUE, Battle Creek, Michigan 49015 United States

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