SOLD: Monroe Golf & Country Club
Monroe, MI


Price: $1,850,000

Down Payment:
Year Built: 1919
Total Acreage: 180 MOL

Property Overview

Holes: 18
Yardage: 6,400
Type: Private Member-Owned Equity Sale
Par: 72
Rating: 71.0
Slope: 130.0
Property Vital Data

18-Holes Donald Ross Design
Non-Profit 501(c)(7) Member-Equity Sale
13,500-Sq. Ft. Clubhouse with Banquet Ballroom
Pool Complex & Tennis Structure
180 MOL Acres Zoned R-1A Single-Family Residential
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Investment Highlights

Offered at 1.10x Multiple of $1,683,450 in Trailing 12-Month Gross Revenue
Dues Revenue of $586,590 from 204 Members
30-Mile Population of 1.8 Million
15.39% Cap Rate on Projected $285,000 in NOI/EBITDA





 
 
 

 

 
 
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EXCLUSIVELY LISTED BY:

Terence Vanek
Associate, Investment Advisor
Marcus & Millichap
813-387-4809
tvanek@marcusmillichap.com