GREAT INVESTMENT OPPORTUNITY! This exceptional property features 9 rental rooms and a 1,200 sq. ft. house, all generating steady income. With a few minor updates, rental rates could easily increase by 20%, maximizing your return on investment. The property also includes an adjacent parcel and a 720 sq. ft. garage with a workshop, offering even more potential for expansion or development. Currently, the rooms are rented on a month-to-month basis, but they could easily be converted into overnight Vrbo or Airbnb rentals, adding flexibility and increased revenue. The property is ideally located just 2 miles from downtown Cheboygan and only 20 minutes from Mackinaw City, offering multiple income opportunities thanks to the area's high tourism and travel demand. Recent upgrades include
General Information
Price: $319,000
Price/SqFt: $93
Status:
MLS#: 201831988
City: cheboygan
Post Office:
Schools: cheboygan area
County: Cheboygan
Acres: 0
Lot Dim: 300' x 358'
Size: 3,436 sq.ft.
Year Built: 0
Property Type: Hospitality
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Listing Courtesy of: Mark Mleczewski of Pure Michigan Property
