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1396 N M 76 Road
Alger, MI 48610
Asking Price
$190K
Asset Type
Day Care/Nursery Mixed-use
Class
Class B
What's Special
Mixed Use | 6,500 SqFt <p><span style="color: rgba(0, 0, 0, 1)">WHAT’S YOUR DREAM? Create it here! The Alger Motel can be yours. BUT, it doesn’t have to be</span></p><p><span style="color: rgba(0, 0, 0, 1)">a motel – most recently it was used as studio apartments or short term stays for those needing a</span></p><p><span style="color: rgba(0, 0, 0, 1)">place to live temporarily, or what about a day care with separate class rooms or napping rooms.</span></p><p><span style="color: rgba(0, 0, 0, 1)">What about individual
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NOI
$80,000
Cap Rate
42.11%
DSCR
7.09
Strong
Cash-on-Cash
120.56%
Monthly Payment
$940.016
Annual Cash Flow
$68,719.804