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About the Listing 70811 - 27312
Introducing a lucrative investment opportunity at HOLLYWOOD MOTEL, located at 13450 Dix Toledo Rd. Southgate, Michigan 48195. This 15-unit extended-stay motel, along with a manager's apartment, presents a chance for a high cap rate of 20.97% and a gross income of $196,000. Renovated just last year with $32,000 in upgrades, this fully licensed property boasts modern amenities including WI-FI, cable TV, and free parking. Situated in a prime location with 120 feet of frontage on a heavily trafficked road, the motel benefits from approximately 35,000 vehicles passing by daily. With an average weekly rate of $300-$325 and a strong surrounding demographic with an average household income of $84,000 within a mile radius, this property offers a solid income stream. Don't miss this chance to own a well-positioned hospitality asset in the bustling Detroit market.
Listing Highlights for 13450 Dix Toledo
Status
Active
Days on Site
9
Property Type
Commercial Sale
MLS ®
50187515
Year Built
1952
Total Square Footage
3,968
Lot/Acreage
0.28
County
Wayne
Area
Southgate (82146)
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C,HVAC
- Heating: Electric Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3968
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Utilities Underground
- Garage Capacity: N/A
- Lot Dimensions: 0.28
- Zoning: Multi-Family,Commercial
- Roof: Shingles
- Others: Lawn Sprinkler,Wheelchair Access
- Sewer: Public At Street
- Parking Features: 21+ Spaces
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
13450 Dix Toledo Southgate, MI 48195
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