RobHohler
BEDS0
BATHS
MLS#1940129
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMI
SCHOOLElk Rapids Schools
Property Description
An exceptional opportunity to own a resort property in one of Northern Michigan???s most sought-after destinations - just steps from Torch Lake???s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
Property Features
Property Type: Multi Unit - Multiple
Basement: Slab
Home Style: 1 Story, 1 Story
Lot Size: 1.98 Acres
Roof Type: Asphalt
Year Built: 2000
Feature Descriptions
Appliance(s)/Equipment: Refrigerator, Oven/Range, Dishwasher
Construction: Frame
Days on Site: 128
Exterior: Handicap Access
Garage/Parking: Paved Driveway
Heating/Cooling: Wall, Ductless A/C
Heating/Cooling Source: Natural Gas
Lot Dimensions: 1.98 Acre(s)
Outbuilding(s): Yes
Road: Public Maintained, Blacktop
Sewer: Private Septic
Water: Private Well
Waterfront Type: No
Local Schools
School District: Elk Rapids Schools
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway Homeservices - TC
Agency Phone: 231-947-7777
Shown By
Agent Name: Rob Hohler
Agent Phone: Cell: (419) 602-7577
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 9,416.61 per month $8,949.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $466.67 Homeowner's InsuranceChange Payment Information
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12800 Cherry Avenue | MLS# 1940129
This multi-family property located at 12800 Cherry Avenue, Rapid City, MI is currently listed for sale with an asking price of $1,600,000. Cherry Avenue is located within the Elk Rapids Schools school district. Search Rapid City real estate on robhohler.ikeyrealty.com today.