Home Off Market
House, motel, cabin, & 87' of frontage on the Thunder Bay River. Gross rent is $6150/mo @ 100% occupancy running 80+% occupancy. Month-to-month guest agreement (easy eviction). 9 motel units rent: $500/mo (7) to $600 (2). Cabin @ $600/mo. House with attached reception office rents @ $800. House is 2-3 Bdr/1 Bth with private door into reception/office. On-site coin-operated laundry. ROI estimated at 17%. Land Contract: 25% down, Interest @ 8%, Amort. at 20.2 yrs = $1250/mo. pmt. 3 yr. Balloon Pmt. Great opportunity to work from home with easy access to Pigeon River State Forest & Thunder Bay River frontage, or investors looking for cash flow. Conveys as currently equipped. Verification of sufficient funds or pre-approval letter prior to confirmation of showing request; 48 hr. notice.Property Details
- Beds: 3
- Baths: 1.0
- Sq Feet: 1465
- Year Built: 0
- Location: (private lake)
- Acres: 1.330
- Waterfront: Yes
- Waterview: Yes
- County: Montmorency County
- Community: T3N R3E
- Garage: Garage - Detached
- Siding: Wood
- Property Taxes: $2,697
- MLS #: 317092
Location
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Ad Statistics:
| Ad Number : | 828981 |
| Viewed: | 447 times |
| Added: | Aug 06, 2020 |
| Updated on: | May 19, 2021 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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