705 Norway St, Norway, MI

Others for Sale - $425,000

Agent Info

Carrie Toretta-Partello
Coldwell Banker Real Estate Group

Property Info

  705 Norway St
  Norway MI 49870
UpdatedAugust 4th, 2021


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