$ 1,325,000
-
$1,325,000
Price -
0
Bed -
0
Bath -
5,100
SqFt
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About the Listing 114693 - 589019
A rare opportunity in the heart of Harbor Country--this fully turnkey short-term rental business has been owned and operated for over 30 years and is now ready for its next chapter. The sale includes the entire business operation: website, client list, booking database, furnishings, and decor--making it a true walk-in investment with immediate income potential.Current NOI: $146,258Asking Price: $1,325,000Cap Rate: 11%Annual Room Revenue: $251,000Immediate Value-Add PotentialThe property currently operates at roughly 44% occupancy with an average nightly rate of $226. Our proforma is based on pushing occupancy to 50%, increasing nightly rates by 30%--a highly conservative adjustment compared to competitor pricing.
Listing Highlights
Status
Active
Days on Site
29
Property Type
Business Opportunity
MLS ®
70505745
Year Built
1955
Total Square Footage
5,100
Lot/Acreage
0.45
County
Berrien
Area
New Buffalo (11037)
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5100
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Commercial
- Roof: Composite
- Others:
- Sewer: Storm
- Parking Features: 11-20 Spaces
Financial Details
- Tax Amount: $6,154
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
231 E Buffalo New Buffalo, MI 49117
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