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Oberlin Motel 11355 N Saginaw St 10 Room Hotel Mount Morris, MI 48458 $310,000 ($31,000/Room) 24.58% Cap Rate
Investment Highlights
- Motel + Multi-family Rare Opportunity for both in this unique proeprty
- Main retail Corridor
- Managers apartment| 10 Motel rooms
Executive Summary
• The Oberlin Motel is Operating as a Daily | Weekly Extended-Stay Motel.
• Ten Motel Rooms, Two Apartments, and a Three-Bedroom Manager’s Apartment
• Surrounded by National Retailers such as Kroger, McDonald’s, KFC, Bigby, Subway, Etc.,
• Main Retail Corridor | Near Interstate- 475 | Walking Distance to Downtown Mount Morris.
• 25 Total Parking Spaces, $30,000 in Recent Renovations | Vinyl Flooring
• 100’ Feet of Frontage on the Heavily traveled N Saginaw Rd.| 20,000 Vehicles Per Day
• Median Home Value= $92,000 | 24,000 People within a Three Mile Radius.
• Ten Motel Rooms, Two Apartments, and a Three-Bedroom Manager’s Apartment
• Surrounded by National Retailers such as Kroger, McDonald’s, KFC, Bigby, Subway, Etc.,
• Main Retail Corridor | Near Interstate- 475 | Walking Distance to Downtown Mount Morris.
• 25 Total Parking Spaces, $30,000 in Recent Renovations | Vinyl Flooring
• 100’ Feet of Frontage on the Heavily traveled N Saginaw Rd.| 20,000 Vehicles Per Day
• Median Home Value= $92,000 | 24,000 People within a Three Mile Radius.
Property Facts
Amenities
- Room Service
- Wheelchair Accessible
- Fiber Optic Internet
- Smoke Detector
- Awning
- Shower Facilities
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | $75.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $113,300 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$113,300
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Oberlin Motel | 11355 N Saginaw St
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