32544 Bobby Dr, Drummond Island, MI 49726-9546
This exceptional turnkey waterfront resort in Drummond, Michigan, presents a unique investment opportunity. The property boasts over 260 feet of direct waterfront access on Maxton Bay, complete with dockage. The main lodge, a beautifully remodeled duplex, comfortably accommodates up to 16 guests, featuring a handicap-accessible first floor sleeping up to 10 and an upper-level apartment with stunning waterfront views. Additional accommodations include four cozy two-bedroom cabins and one spacious three-bedroom cabin. An on-site bait shop provides supplemental income. Situated on scenic Drummond Island, this property is ideal for fishing and boating enthusiasts, offering a tranquil setting and excellent potential for continued growth. The 2,890 square foot property is zoned RESD and features APN 17-006-266-019-00;2 17-006-266-019-25. The asking price is $875,000, translating to $302.77 per square foot. This is a rare chance to acquire a thriving resort business in a highly desirable location. The property's excellent facilities, strategic location, and established clientele promise a rewarding investment and a fulfilling lifestyle.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.