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663 E Cloverland in MI 8 room motel

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ID: 42
663 E Cloverland in MI 8 room motel
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$395,000.00
Earnest Money Deposit: $10,000

(Currently Sold Out. Inquire for availability)
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Coming Soon
Property Description

Introducing 663 E. Cloverland Dr - a lucrative investment opportunity in Ironwood, MI! This charming motel, boasting a total income of over $60,000 in 2021, $66,421 in 2022, and $60,391 in 2023, is now on the market for $395,000. With a vintage appeal and five buildings including three houses on the property, this gem built in 1960 spans 34,848 sq. ft. including 8,000 sq.ft. of building space.

The single-story motel features 8 rooms, an office, and a basement, offering great potential for customization or expansion. Don't miss out on the chance to own this income-generating property with immense growth possibilities.

Contact us today to learn more and seize this fantastic investment at 663 E. Cloverland Dr, Ironwood, MI 49938!

BUILDING INFORMATION

  • 8,000
  • $49.38
  • 8
  • 8
  • 1960
  • 2019
  • 5
  • 1
  • 34,848
  • $49,375

PROPERTY TYPE

  • Hospitality
  • Motel
  • 100%