Asking Price:$189,000 Gross Room Revenue:2007 - on request
2006 - on request
Occupancy Rate:2007 - 90%
2006 - 90%
Financing:
cash
# of rooms:
10
# of floors:
2
Type of corridor:
interior & exterior
Restaurant:
none
Lounge:
none
Pool:
none
Where property is located:
downtown
Name of nearest major city:
unavailable
Miles to city:
5 miles
Population:
60,001 - 70,000
Comments: EXTENDED STAY MOTEL/APARTMENT. This has been a good income property
for 15 yrs. Expenses are very low. A nice manager's office and entrance area in front. 7 large
units, 3 studio units. Bathroom marble countertops. All units have new carpet,new paint,
appliances, dinette set,color TV/remote. We resently refurnished units with matching credenzas,
queen headboards and beds,wood framed mirrors, night stands, lamps, large art work portraits.
Building is constructed of concrete and metal siding, has new water heating system, Ample
parking. Good Air conditioning and heating. Interior remodeled. Linens are included. Current
managers will continue to manage if new owner desires. Stores are within walking distance. Only
motel in town with kitchenettes. This Motel/Apartment has great potential for increased income.
BRING OFFERS!!
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