3543 Krafft RdFort Gratiot Township, MI 48059

Property Details for 3543 Krafft Rd

Property size (Sq ft)

1,436 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This single-story, 1,436 square foot hotel in Fort Gratiot Township, Michigan is offered at $369,900. The property boasts a compelling 13.49% capitalization rate and a net operating income (NOI) of $49,896. Currently operating as an inn, it features nine units, seven of which are leased at $542 per month ($135.50 per week), and two leased at $628 per month ($157.00 per week). This consistent rental income stream makes it an attractive investment prospect. Located at 3543 Krafft Rd, Fort Gratiot Township, MI 48059, this property presents a solid foundation for continued profitability. The price per square foot is $257.59. Appointments are required for property viewings.

Location Insight

City

Fort Gratiot Township

County

St. Clair

State

Michigan

Latitude

43.0251

Longitude

-82.459

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