Investment Property Value Add Opportunity

Mixed Use Building Bed and Breakfast, AirBnB, Local Tourist Bar, House Hack Commercial Lease Value-Add Opportunity 4 bd 8 ba 4,460 sqft CASH ONLY TERMS Contract Price = $233,700 @ 6.5% Buy all price = $51,300 Earnest Money Deposit: $5,000 Amortized 20 years @ $1,742 month payment Balloon due after 4 years Minimum Purchase Price = $285,000 No prepay penalty Buyer pay closing cost,Taxes, insurance Commercial Lease Value-add opportunity Comps: Airbnb $80 - $130/night - Bed and Breakfast $100-$250/night Multi-use property that could be converted into a lodge for your family & friends to enjoy a get-away any time of year or make this your special residence. Formerly an all-inclusive restaurant, inn and bar & grill. Catch the Lake Superior breeze with this chalet style four room inn, bar, restaurant and separate tiki bar & grill. The warm character of the exterior extends inside to the bar area with a cozy brick fireplace and pellet stove. Wooden bar and wood beams on the ceiling add to the home-like atmosphere. Sit, relax and enjoy a special lunch or dinner with family and friends after a day at the beach. The Inn contains four rooms upstairs each with their own en suite full bathroom. They share a common area with a fireplace and sliding glass doors that lead onto a deck. Washer/Dryer and utility sink also upstairs. www.mutuallandcontracts.com