18 Units Studio Apartment/Motel Located Off Dixie Hwy in Davisburg. Well Maintained. We are undergoing transforming every room currently to subsidized housing section 8 which includes new mini kitchens. 18 units x $885 avg = $191,660 year. We have an excellent relationship with multiple housing agencies who send endless people to us for application. Propane is used for the water heater only. Motel was in the Movie Real Steel. Updates as follows 1.) 100% complete rewire with (5) dedicated circuits to each room. 2.) Attic and basement and access tunnel new lighting and branch circuit infrastructure 4.) New electric baseboard heat every unit 5.) Wifi enabled remote control (property owner) thermostats every unit. Stops anyone from increasing temp past setting. 6.) All units remote control push button front door locks. Wifi enabled to control entry. Codes can be changed remote. 7.) complete 16 high definition camera system with microphones and large capacity NVR storage device to monitor premises. 8.) Mostly new flat screen TVâ‚„¢s with remote 9.) New WiFi routers and boosters throughout bldg 10.) Wifi enabled remote relay system to monitor and control individual unit power consumption. Power can be turned on and off to individual circuits via remote access. 11.) New PEX hot and cold water feeds throughout complete bldg 12.) New Blown in insulation in attic 13.) LED lighting installed throughout 14.) LED exterior wall pack lights installed 15.) LED porch lights installed 16.) New bushes flower beds and mulch 17.) New septic field 18.) New septic tank access lids Basically this place can run itself via technology and remote control without on site management.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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.
