12510 E 8 Mile Rd | Detroit, MI 48205
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- LoopNet Team
12510 E 8 Mile Rd
Detroit, MI 48205
M N M Motel · Hospitality Property For Sale
·
12,558 SF
INVESTMENT HIGHLIGHTS
- Updated Bathrooms
- Heating converted from boiler to PTAC Units
- New Electrical System
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1962/2019 |
| Building Class | C | Parking Ratio | 5.04/1,000 SF |
| Lot Size | 0.36 AC | Corridor | Exterior |
| Building Size | 12,558 SF | ||
| Zoning | B4 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 12,558 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2019 |
| Parking Ratio | 5.04/1,000 SF |
| Corridor | Exterior |
| Zoning | B4 |
AMENITIES
- Public Access Wifi
- Smoke-Free
ABOUT 12510 E 8 MILE RD , DETROIT, MI 48205
Independent Motel Renovations of $558,000 expensed to upgrade the property Net Profit Before Debt Service - $358,246 ! Cap Rate: 21.07%
PROPERTY TAXES
| Parcel Number | 21-02837-587 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $212,600 |
PROPERTY TAXES
Parcel Number
21-02837-587
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$212,600
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