For Sale
$699,990

3515 Pine Grove Ave Port Huron, MI 48060

19-Unit Motel, High NOI, Riverfront

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 19-unit motel in Port Huron, Michigan, boasting a strong 11.07% capitalization rate and a substantial net operating income (NOI) of $77,504. The property comprises three buildings totaling over 4,400 square feet, strategically located on the riverfront in a prime area. The main building, a 2.5-story structure, includes a full basement and houses 15 leased units, providing a consistent rental income stream. Two additional buildings offer the potential for up to five more units, presenting a clear path for expansion and increased profitability. The asking price is $699,990. This well-established motel offers a compelling blend of immediate income generation and significant upside potential, making it an attractive investment for discerning buyers. The property is situated at 3515 Pine Grove Ave, Port Huron, MI 48060. Please respect the privacy of tenants and do not approach the building or tenants without prior permission.

Highlights

  • $699,990 asking price for a 19-unit motel in Port Huron, MI.
  • 11.07% cap rate with a $77,504 NOI.
  • Two-story motel totaling over 4,400 square feet, including 15 leased units and potential for 5 more.
  • Prime location with river frontage.
  • Excellent investment opportunity with potential for expansion.

Property Details for 3515 Pine Grove Ave

Property type
Hospitality properties, Motels
Stories
2

Location Insight

City
Port Huron
County
St. Clair
State
Michigan
Latitude
43.014089625155
Longitude
-82.448915496305

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FAQs

What type of property is this?
Hospitality property - 19-Unit Motel, High NOI, Riverfront
Where is the hospitality property located?
The property is located at 3515 Pine Grove Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: $699,990 asking price for a 19-unit motel in Port Huron, MI.; 11.07% cap rate with a $77,504 NOI.; Two-story motel totaling over 4,400 square feet, including 15 leased units and potential for 5 more.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Frank Locricchio
Frank Locricchio

Learn more

Useful Information

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Pine Grove Ave
Port Huron, MI 48060

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Pine Grove Ave
Port Huron, MI 48060

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3515 Pine Grove Ave
  • Frank Locricchio
    Frank Locricchio
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