Do Real Estate on the Go!
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Do Real Estate on the Go!
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$1,440,000
-- Bed
- 23 Baths
23 full baths
6,567sqft
44784 Woodward Ave, Pontiac, MI 48341
$1,440,000
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Multi Family
Built in 1951
$-- HOA
23,086.8 sqft lot
$219/sq.ft
Description
Prime 23-Room Motel Investment Opportunity on Woodward Avenue An exceptional opportunity to own a profitable fully operational 23-room motel located directly on Woodward Avenue, offering 160 feet of road frontage and unmatched exposure on Woodward, one of Michigan's highest-traffic commercial corridors. Positioned on the border of Bloomfield Hills, this property benefits from premium surrounding demographics, high visibility, strong signage opportunities, and sits on a spacious half-acre lot in a desirable green-zone location. The motel generates impressive returns with an Actual NOI of $168,000, an 11 percent cap rate at the list price, and even stronger performance pote...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1951
HOA Fees
-
Finished Area
6,567 sqft
Lot Size
23,086.8 sqft lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60971323
MLS Status
Active
Days on Market
15
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