7550 S Van Dyke Rd

Burnside Twp, MI 48453 View Map $300,000 Ask a Question
Sq.Ft.3,500
Year1957

In Network Real Estate Group

(248) 655-7955

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Status: Sold
Property Type:Commercial
MLS #:2210052263
Sq. Feet:3,500
Date Sold:4/7/2022
Lot Size:3 Acres
County:Lapeer
A fully functioning motel/motor lodge W/New Metal Lifetime Roof/ apartments /New heating system, New hot water tank, New sidewalk walkway s, New doors, new ceramic.oversize septic field, in addition this property is Situated on 3 acres, right on a state highway,12 unit motel rents by the month for $650.00/ $550.00 or daily for $57.00 and $62.00 fully furnished including inventory also has an Office area, laundry area. Remodeled in 2013 (all up to code) Water tested yearly, wifi /cable available.Units include refrigerator /microwave (larger units have efficient kitchen),Handicapped accessible units. monthly sales, income, expenses vary do to occupancy. Monthly incomes range any where from $3,000 /$6,500. DO NOT APPROACH THE OCCUPANTS. Building square footage is estimated, Two New Pumps , Parking Blocks , (No Water Bills on Well )
gas $230 $441 winter months summer $60 month summer
$640 2 /$500 -540 monthly other units 12 units average $5,000 monthly high $7,000 monthly,

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/7/2022$349,900$300,000-14.3%

Community Information

Address:7550 S Van Dyke Rd, Burnside Twp, MI 48453
Area:Burnside Twp
County:Lapeer
City:Burnside Twp
School System:Marlette
Zip Code:48453

Features / Amenities

Commercial Exterior Features: Awning/Overhang(s)
Buildings: Shed
Accessibility Features: Accessible Approach with Ramp, Accessible Central Living Area, Accessible Common Area, Accessible Doors, Accessible Entrance
Heating: Baseboard, Hot Water
Heating Fuel: Natural Gas
Water Heater Fuel: Natural Gas

Property Features

Lot Size: 3 Acres
Lot Dimensions:348x 316
Road Frontage: Paved
Sewer: Septic Tank (Existing)
Water: Well (Existing)
Zoning:Multi-Family
Directions:M-53 (Van Dyke) just north of Peck Road East side of Van Dyke

Tax and Financial Info

Tax Amount Summer: $583
Tax Amount Winter: $1,599
Total Tax: $2,182
Financing: Cash, Contract, Conventional, USDA Loan (Rural Dev)
Deposit: $100,000
Gross Scheduled Income: $84,000
Net Operating Income: $70,000
Operating Expense: $10,000
Rent Includes: Heat, Electric, Int Maint W/Deduct, Water/Sewer, Snow Removal, Trash Colle

Schools

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Listing Information Last Updated 3/2/2024
Listing provided courtesy of Keller Williams Realty Central (586-979-4200).
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