13041 M-32 $205,000

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    13041 M-32 Atlanta, MI 49709

    Closed
    SOLD 5/26/2021

    $205,000

    Market Estimate
    • 5,877 sq. ft.
    • Commercial
    • MLS# 317083
    13041 M-32, Atlanta, MI 49709
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    Listing provided courtesy of: COLDWELL BANKER SCHMIDT GAYLORD
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    Property Details

    House, motel, cabin, & 87' of frontage on the Thunder Bay River. Gross rent is $6150/mo @ 100% occupancy running 80+% occupancy. Month-to-month guest agreement (easy eviction). 9 motel units rent: $500/mo (7) to $600 (2). Cabin @ $600/mo. House with attached reception office rents @ $800. House is 2-3 Bdr/1 Bth with private door into reception/office. On-site coin-operated laundry. ROI estimated at 17%. Land Contract: 25% down, Interest @ 8%, Amort. at 20.2 yrs = $1250/mo. pmt. 3 yr. Balloon Pmt. Great opportunity to work from home with easy access to Pigeon River State Forest & Thunder Bay River frontage, or investors looking for cash flow. Conveys as currently equipped. Verification of sufficient funds or pre-approval letter prior to confirmation of showing request; 48 hr. notice.

    • General Features
      • Type Business Op
      • Business Information Business Opportunity,Income Property
      • SqFt. Total 5,877
      • Extras Furnished, High Visibility, Highway Access, Landscaped, Laundry, Living Quarters, Manager On-Site, Storage
      • Subdivision T30N R3E
      • County Montmorency
    • Building Features
      • Construction Brick, Concrete Block, Frame
      • Total Units 11
      • Heating/Air Conditioning Forced Air,Natural Gas
      • Office SqFt. 290.00
    • Property Features
      • Lot Size 295x410x87x201x225 +/-
      • Parking Parking Lot
      • Lake/River Name Thunder Bay River
      • Road Blacktop, Paved
      • Driveway Blacktop, Gravel
      • Internet Access DSL
      • Electric On Site
      • Sewer Septic
      • Water Well
      • Gas On Site
    • Schools
      • School District Atlanta

    Neighborhood

    49709 (Atlanta) Demographics

    59 Median Age
    15 Population Density (per sq. mile)
    22% College Educated
    $42,542 Estimated Median Income
    1,585 Estimated Total Home Owners
    139 Estimated Total Renters
    92% / 8% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,540 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $184,950 Median Sales Price
    6 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        5/26/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $205,000
        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Water Wonderland MLS, Inc © All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.