3515 Pine Grove AvePort Huron, MI 48060
- Commercial real estate
Property Details for 3515 Pine Grove Ave
- Property type
- Commercial real estate
- APN
- 74-06-999-0561-600
- APU
- 74069990561600
Description
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.
Location Insight
- City
- Port Huron
- County
- St. Clair
- State
- Michigan
- Latitude
- 43.0141
- Longitude
- -82.4497
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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