14316 Ironwood Dr NW, Grand Rapids, MI 49534

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Building Details:

14316 Ironwood Dr NW is located in Grand Rapids, MI.

A sound investment opportunity awaits you at Wayside Motel. This 13 unit motel has been under the same ownership for over 25 years. If you are looking to have a manageable operation where you are the manager or if you want to hire this out, this property easily accommodates either option. There is a single family home on the property (approx. 900 sq ft, with a large living room, kitchen, 2 beds and full bath) that the manager may use, and the front desk is located at the front of the home. The motel itself consists of 13 units. Motels average a 40% vacancy rate, but not this one. This motel is 100% rented and has a waiting list for people that want to get in. This motel is geared toward weekly rentals and Not overnight renters. A lot of residents have lived here for more than 1 yea

TERMS: cash, new mortgage