12800 Cherry Avenue, Rapid City, MI 00000

$1,600,000
  • 12800 Cherry Avenue, Rapid City, MI 00000 Main Photo

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Active
BEDS0 BATHS MLS#1940129
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMI SCHOOLElk Rapids Schools

Property Description

An exceptional opportunity to own a resort property in one of Northern Michigan???s most sought-after destinations - just steps from Torch Lake???s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!

12800 Cherry Avenue | MLS# 1940129

This multi-family property located at 12800 Cherry Avenue, Rapid City, MI is currently listed for sale with an asking price of $1,600,000. Cherry Avenue is located within the Elk Rapids Schools school district. Search Rapid City real estate on www.teamchildersrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Slab
Home Style: 1 Story, 1 Story
Lot Size: 1.98 Acres
Roof Type: Asphalt
Year Built: 2000

Feature Descriptions

Appliance(s)/Equipment: Refrigerator, Oven/Range, Dishwasher
Construction: Frame
Days on Site: 122
Exterior: Handicap Access
Garage/Parking: Paved Driveway
Heating/Cooling: Wall, Ductless A/C
Heating/Cooling Source: Natural Gas
Lot Dimensions: 1.98 Acre(s)
Outbuilding(s): Yes
Road: Public Maintained, Blacktop
Sewer: Private Septic
Water: Private Well
Waterfront Type: No

Local Schools

School District: Elk Rapids Schools

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway Homeservices - TC
Agency Phone: 231-947-7777

Shown By

Agent Name: Julie Childers
Agent Phone: Cell: (517) 673-1829
Agency Title: Key Realty

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Estimated Payment

$ 9,416.61 per month $8,949.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $466.67 Homeowner's Insurance

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