This is a great opportunity to own a nice, independent, starter Motel with 9 rooms plus a owners/manager suite in the Downriver area. Located on a highly traveled road with great visibility, this property is situated on approximately 2.5 acres with plenty of additional land to install a pool, add a parklike setting or additional rooms. There is a separate garage/storage building on the property used for storage and equipment. All rooms have a queen size bed, sitting area with microwave, mini fridge and bathroom. Low-maintenance Motel with lots of potential for a starter property or family run business. Seller will train on operations and entertain all reasonable offers. Turn-key operation only needing a new owner/operator! Call Armen Nazarian @
- Asking Price:
- $489,000
- Sales Revenue:
- $144,000
- Cash Flow:
- $90,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
This is a great opportunity to own a nice, independent, starter Motel with 9 rooms plus a owners/manager suite in the Downriver area. Located on a highly traveled road with great visibility, this property is situated on approximately 2.5 acres with plenty of additional land to install a pool, add a parklike setting or additional rooms.
- Premises Details:
-
There is a separate garage/storage building on the property used for storage and equipment. All rooms have a queen size bed, sitting area with microwave, mini fridge and bathroom. Low-maintenance Motel with lots of potential for a starter property or family run business.
- Size in square feet:
- 3,638
Business Operation
- Reasons for selling:
-
Other Business Ventures
- Employees:
- 0 FT / 1 PT
Other Information
- Support & training:
-
Seller will Train
- Financing available:
-
$489,000 with $150,000 down. 8% int., amortized over 180 months. Balloon due in 120 months
