Hollywood Motel
Hospitality | 20.97% CAP | 15 Keys
Marketing description
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.
Investment highlights
•15 -Unit Extended-Stay Motel For Sale in Southgate, Michigan and One (Occupied) Managers apartment.15 -Unit
•This Motel is Operating as a Weekly Extended-Stay Motel and is Fully Licensed and Permitted in the City of Southgate, Michigan.
•$32,000 spent on Renovations (2025)
•120’ Feet of Frontage on the Heavily traveled Dix Toledo Rd. | 35,000 Vehicles Per Day
•Average Household Income =$84,000 within a One Mile Radius. Great Demographics
•Surrounded by National Retailers such as Wal-Mart, BurgerKing, Dollar Tree, Tim Hortons, Ect.
•Main Retail Corridor | One Mile from Interstate- 75
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