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PROPERTY DESCRIPTION |
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Welcome to the former Wonderland Motel, now a 9-unit apartment complex with an owner's quarters, offering a unique investment opportunity in the heart of the Keweenaw Peninsula. This property has been thoughtfully converted into 8 studio apartments and 1 two-bedroom apartment, making it a versatile option for medium or short-term rentals but currently operated primarily as long term rentals. The property has been well-maintained over the years, and the current owner, now retiring, is ready to pass the torch to an ambitious entrepreneur looking for their next adventure. Each unit is equipped with a small kitchen and a full bathroom with a shower, providing comfortable and self-sufficient living spaces for tenants. Currently, 8 of the units are rented, with potential to increase income to market rates. Three units are available for viewing with assistance from the listing agent, while further arrangements can be made to view the occupied units. Located centrally in the tourist area of the Keweenaw Peninsula and close to the hospital in Laurium, this property is ideally situated for those looking to capitalize on the area's growing demand for rental properties. All utilities are currently paid for by the owner, adding an extra layer of convenience for tenants. Affordably priced, this property is a fantastic opportunity for the right buyer to turn it into a successful rental business. Don’t miss out on this chance to invest in a property with great potential. Call today to schedule your viewing and explore the possibilities! |
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BUILDING & CONSTRUCTION |
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Foundation: Crawl,Piller/Post/Pier
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Basement:
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Construction:
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Garage:
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Fireplace:
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Exterior:
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Outbuildings:
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Accessibility:
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First Floor Bath:
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First Floor Bedroom:
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Foundation: Crawl,Piller/Post/Pier
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Basement:
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Green Features:
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Extras:
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UTILITIES, HEATING & COOLING |
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Electric:
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Natural Gas:
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Sewer: Public Sanitary
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Water: Public Water
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Cable:
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Telephone:
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Propane Tanks:
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Air Conditioning:
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Heat: Natural Gas: Forced Air
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Supplemental Heat:
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