Remarks

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 a new water heater and boiler assist in 2017, along with three new septic tanks installed in 2016. The two parcels combined total nearly 2.5 acres, giving you ample space for further expansion or additional developments. The property's prime location makes it highly desirable, with easy access to local attractions like the Great Lakes Inland Waterway allowing boating adventures to destinations across the globe. Mackinaw City, named one of the top 10 summer travel destinations by USA Today, and nearby Mackinac Island, voted the #1 island in the continental U.S. by Travel & Leisure and TripAdvisor, make this area a hotspot for visitors year-round. In addition, the property is surrounded by top-notch golf courses, historic landmarks, the iconic Mackinac Bridge, and world-class fishing, making it an enticing destination for tourists and travelers alike. Seller will consider a LAND CONTRACT from qualified buyers. This is a rare chance to invest in an income-producing property in a high demand area. Don't miss this incredible opportunity!

Details

MLS#: 201831988
Price: $319,000

Style: Hospitality
Sq Ft: 3436

County: Cheboygan
Subdivision: T 38n R 1 W
Lot Size: 300' x 358'