$570,000
$630,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
19 Beds
2,616 SqFt
SOLD DATE : 06/24/2021
Key Details
Sold Price $570,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,616 sqft
Price per Sqft $217
MLS Listing ID 2210016792
Sold Date 06/24/21
Bedrooms 19
Originating Board Realcomp II Ltd
Year Built 1945
Annual Tax Amount $6,380
Lot Size 2.510 Acres
Acres 2.51
Lot Dimensions 200x482x612x240
Property Description
19 units "Joy Motel" includes a 2600 sq ft owner's house, 2 huge garages/barns, 6 buildings all together. All is on 2.51 acres of land with a country-like setting. It is a profitable business with a very long weekly rentals history. Weekly rentals create stable and predictable income. Recent major improvements include new roofs (all new framing and covering) on motel buildings and the house, all 19 motel rooms completely renovated with all new walls, floors, electrical, plumbing, water heaters, bathrooms, furnaces, etc. It took 2 years and hundreds of thousands of dollars to complete the renovation.
Location
State MI
County Jackson
Area Leoni Twp
Zoning Commercial
Direction I-94 West, Exit #147 Race Rd, left on Race Rd, right on Ann Arbor Rd
Interior
Hot Water Natural Gas
Heating Baseboard, Forced Air, Window/Wall Unit
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Roof Type Asphalt
Road Frontage Paved
Building
Foundation Crawl, Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Level or Stories 1 Story
Structure Type Aluminum,Wood
Schools
School District East Jackson
Others
Tax ID 000092340200600
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2015
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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