Channel Inn Resort on beautiful Otsego Lake, minutes from Gaylord, Michigan. 14 unit Motel with channel access to Ostego Lake. Beautiful owner/manager apartment with fireplace. Recent years property has successfully operated on weekly/monthly rates. Conversion of Marketing to include peak season daily rates could bring additional income. OCurrently is operated with year round Manager.
The approximate monthly Principal & Interest payment for this property would be $1,879. This payment is based on a 30-year loan at a fixed rate of 4.41 % with a down payment of $35,000. Actual lender interest rates and loan programs may vary.
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