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Woodward Stay 44784 Woodward Ave 23 Room Hotel Pontiac, MI 48341 $1,480,000 ($64,348/Room) 11.35% Cap Rate
EXECUTIVE SUMMARY
23-Room Motel on Woodward Avenue – Investment Opportunity
Fully operating 23-room motel located on Woodward Avenue with 160 feet of frontage and high visibility near Bloomfield Hills. Sits on a half-acre lot in a strong commercial area.
The property has an Actual NOI of $168,000 and an 11.35% cap rate at the list price. Rooms can be rented daily, weekly, or monthly, creating steady income and growth potential.
Recent updates include a newer roof, new water heaters, new HVAC systems, updated electrical, and remodeled, fully furnished rooms. Large parking lot on site.
Land Contract available with $800,000 down.
Fully operating 23-room motel located on Woodward Avenue with 160 feet of frontage and high visibility near Bloomfield Hills. Sits on a half-acre lot in a strong commercial area.
The property has an Actual NOI of $168,000 and an 11.35% cap rate at the list price. Rooms can be rented daily, weekly, or monthly, creating steady income and growth potential.
Recent updates include a newer roof, new water heaters, new HVAC systems, updated electrical, and remodeled, fully furnished rooms. Large parking lot on site.
Land Contract available with $800,000 down.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,480,000 | Building Size | 6,567 SF |
| Price Per Room | $64,348 | No. Rooms | 23 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 11.35% | Year Built/Renovated | 1951/2024 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.53 AC | ||
| Zoning | BI - Commercial Zoned District | ||
| Price | $1,480,000 |
| Price Per Room | $64,348 |
| Sale Type | Investment |
| Cap Rate | 11.35% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 6,567 SF |
| No. Rooms | 23 |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2024 |
| Tenancy | Single |
| Parking Ratio | 3.2/1,000 SF |
| Corridor | Exterior |
| Zoning | BI - Commercial Zoned District |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 23 | $65.00 | - |
PROPERTY TAXES
| Parcel Number | 19-04-202-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $221,010 |
PROPERTY TAXES
Parcel Number
19-04-202-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$221,010
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Century 21 Curran & Oberski
Woodward Stay | 44784 Woodward Ave
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