A sound investment opportunity awaits you at Wayside Motel. This 13 unit motel has been under the same ownership for over 25 years. If you are looking to have a manageable operation where you are the manager or if you want to hire this out, this property easily accommodates either option. There is a single family home on the property (approx. 900 sq ft, with a large living room, kitchen, 2 beds and full bath) that the manager may use, and the front desk is located at the front of the home. The motel itself consists of 13 units. Motels average a 40% vacancy rate, but not this one. This motel is 100% rented and has a waiting list for people that want to get in. This motel is geared toward weekly rentals and Not overnight renters. A lot of residents have lived here for more than 1 yea
TERMS: cash, new mortgage - Area description: DIRECTIONS: I96 W TO 8TH AV EXIT, S TO IRONWOOD, W TO SITE - Number of units: 13 - Tenancy: Multiple Tenants
|6 Mb/s: Charter Communications Inc.|
|768 kbps: Iserv|
|1.5 Mb/s: I-2000, Inc.|
|768 kbps: AT&T Michigan|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.