This Hospitality Property is no longer advertised on LoopNet.com.
12510 E 8 Mile Rd
Detroit, MI 48205
M N M Motel · Hospitality Property For Sale · 12,558 SF
![12510 E 8 Mile Rd, Detroit, MI for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/w78GB-mQNGPfW4RV75hQU0Bs7PG_7HC8VHgWWgUfGSI/110/12510-E-8-Mile-Rd-Detroit-MI-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Updated Bathrooms
- Heating converted from boiler to PTAC Units
- New Electrical System
PROPERTY FACTS
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.36 AC |
Building Size | 12,558 SF |
No. Stories | 2 |
Year Built/Renovated | 1962/2019 |
Parking Ratio | 5.04/1,000 SF |
Corridor | Exterior |
ABOUT 12510 E 8 MILE RD , DETROIT, MI 48205
Independent Motel Renovations of $558,000 expensed to upgrade the property Net Profit Before Debt Service - $358,246 ! Cap Rate: 21.07%
PROPERTY TAXES
Parcel Number | 21-02837-587 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $214,300 |
ZONING
Zoning Code | B4 |
Listing ID: 25144168
Date on Market: 2/28/2022
Last Updated:
Address: 12510 E 8 Mile Rd, Detroit, MI 48205
The Mt Olivet Hospitality Property at 12510 E 8 Mile Rd, Detroit, MI 48205 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.