22823 HWY 7 Central Frontenac

22823 HWY 7, Central Frontenac

$1,262,000

  • 8
  • 3
Welcome to the epitome of investment opportunity in the heart of Silver Lake's bustling landscape. Nestled just across the highway, this property offers an unrivaled location boasting panoramic views of the shimmering lake, igniting visions of endless possibilities. Formerly operating as a thriving restaurant and motel, it has seamlessly transitioned into the renowned Silver Lake Motel, a fully rented haven with 18 meticulously designed units. From cozy cabins to spacious living quarters, each unit is a testament to comfort and convenience, featuring private bathrooms, kitchenettes, and living areas. The main building houses 7 units, while 3 self-contained cabins and 8 units in the back cabins provide versatile accommodation options. With a consistent monthly gross income of $14,500 and a range of rental rates catering to diverse needs, this property has lots of potential. Encompassing communal amenities such as a pool table, pinball machine, and laundry facilities, it fosters a vibrant community atmosphere. Embrace the allure of Silver Lake living and seize this unparalleled investment opportunity today. (id:41353)
  • Listing ID: X8323376
  • Property Type: Single Family
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Details

  • Ownership: Freehold
  • Parking Spaces: 7
  • Transaction: For sale

Building

  • Bedrooms Main Level: 8
  • Construction Style Attachment: Detached
  • Exterior Finish: Vinyl siding, Aluminum siding
  • Fireplace Present: False
  • Foundation: Slab
  • Bathrooms (Total): 3
  • Heating: Baseboard heaters
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: House

Land

  • Sewer: Septic System
  • Size Irregular: 240.54 FT

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    This property for sale, located at 22823 HWY 7 in Central Frontenac, was last modified on May 14th, 2024. Contact Maggie Horne today to schedule a viewing or to find other properties for sale in Central Frontenac.

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