Faust's Resort

Hospitality for Sale
Catylist Listing ID: 30024090
Property Subtypes: Resort
Number of Units: 5 Units
Building Size (RSF): 5,092 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $598,000
Unit Price: $119,600 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Faust's Resort
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/16/2017

Overview / Comments

What an opportunity .. own a resort on 100 ft of beautiful Houghton Lake .. live in the spacious main house up on the hill with the million dollar view and rent
out the four guest cabins! 2 - three bedroom cabins and 2 - two bedroom cabins (one a beautiful log cabin with fireplace) - all cabins with full kitchen
facilities - each able to sleep 7 people; sandy beach, dock, play equipment, six person Finlandia sauna, fish cleaning house, basketball court. Resort has
great rental history and is open all year .. Livin' the dream!

Additional Details

Nearest MSA: Cadillac
County: Roscommon
Tax ID/APN: 72-011-316-001-0000
Zoning: COMMERCIAL
Highway Access: W. Houghton Lake Drive (M-55) on lake across from the Pour House Tavern

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,836 7,193
Median Age: 54.16 53.03
Households: 2,828 3,408
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