30301 S River Rd - Boat Town Marina & Rentals LLC
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30301 S River Rd - Boat Town Marina & Rentals LLC
160 SF Speciality Building Offered at £449,909 at a 11.46% Net Initial Yield in Harrison Township, MI 48045
Investment Highlights
- Seasonal wells that have been managed by the same salesman for 10 years at low cost
- Telephone, digital media, online booking, equipment all set to go for a fun summer business
- 8 tritoons that have appreciated since we bought them from 2017 through 2021
- winter storage on the property and shrink wrap sales also included in the gross sales
Executive Summary
63 seasonal boat wells that hold small boats up to 29' with two wells that can hold up to 34' boats
8 23' tritoons 4 with 150 hp mercruiser outboards, and 4 with 140 Suzuki outboards. 6 IN GREAT CONDITION IN AND OUT, 2 that have nice furniture and interior, but have been subject to dings and scratches.
1 25' tritoon that has an office built on it, with heat and A/C and a closet.
1 2018 Tritoon Float on trailer with dual axles and electric brakes
1 2021 tritoon hydraulic trailer that will pick up 27' tritoons and set them on the ground Triple axle 6,000 pound capacity
~150 life jackets
5 6' by 17' lillie pads
5 tubes and ropes
office furniture and 3 picnic tables
8 23' tritoons 4 with 150 hp mercruiser outboards, and 4 with 140 Suzuki outboards. 6 IN GREAT CONDITION IN AND OUT, 2 that have nice furniture and interior, but have been subject to dings and scratches.
1 25' tritoon that has an office built on it, with heat and A/C and a closet.
1 2018 Tritoon Float on trailer with dual axles and electric brakes
1 2021 tritoon hydraulic trailer that will pick up 27' tritoons and set them on the ground Triple axle 6,000 pound capacity
~150 life jackets
5 6' by 17' lillie pads
5 tubes and ropes
office furniture and 3 picnic tables
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £449,909 | Building Class | C |
| Price Per SF | £2,812 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 160 SF |
| Net Initial Yield | 11.46% | Number of Floors | 1 |
| Sale Conditions | Business Value Included | Year Built | 2021 |
| Property Type | Speciality | Parking Ratio | 25/1,000 SF |
| Property Subtype | Marina |
| Price | £449,909 |
| Price Per SF | £2,812 |
| Sale Type | Investment |
| Net Initial Yield | 11.46% |
| Sale Conditions | Business Value Included |
| Property Type | Speciality |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 160 SF |
| Number of Floors | 1 |
| Year Built | 2021 |
| Parking Ratio | 25/1,000 SF |
Amenities
- Waterfront
About 30301 S River Rd , Harrison Township, MI 48045
800' along South River Rd and the Clinton River. From Jefferson Avenue to Detroit St 63 boat wells All the equipment and 5 years of customer base that will return for some more fun. As boat prices have soared over Covid, Renting is smarter and much more affordable! Call for details and a tour of the facilities and financials
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PROPERTY TAXES
| Parcel Number | 17-12-16-179-003 | Total Assessment | £7,277 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | -£1 (-£0.01/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
17-12-16-179-003
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£7,277 (2024)
Annual Taxes
-£1 (-£0.01/sf)
Tax Year
2022
zoning
| Zoning Code | Marina (Marina) |
| Marina (Marina) |
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Presented by
Earl E. McHugh
30301 S River Rd - Boat Town Marina & Rentals LLC
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