705 Norway St, Norway, MI

Others for Sale - $425,000


Agent Info

Carrie Toretta-Partello
Coldwell Banker Real Estate Group

Property Info

CIMLS#1097768
Location
  705 Norway St
  Norway MI 49870
UpdatedAugust 4th, 2021
TypeOthers
Price$425,000

Contact


Property Description

Have you been thinking about owning your own business? After 40 years in the business owner wants to retire. With a 90% occupancy rate. This 14 unit motel comes with a 3 bedroom 1 bath home and it just maybe the opportunity you have been looking for. The owner has made some recent updates that include: New roof 2019, motel room windows and doors 2018, Furnace appx 8 years old, Commercial gas hot water heater appx. 4 years old. New balcony made with Trek building materials appx. 5 years old. New phone system and WIFI available for all units. Some units have had bathroom updates completed too. The motel has 6 kitchenette units with 2 double beds each and many are rented out at a monthly fee to long term guests. In addition there are 4 two double bed units and 4 single double bed units. There is also a lounge in the lower level available for guests to hang out, have coffee or just sit and read a book. Motel will come turn key ready. House room sizes: LR 16x19, Kitchen 9x12, DA 9x8, Bed 1 11x16, Bed 2 10x12, Bed 3 12x17, laundry area 9x10 and office area 9x10