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On Us Hghway 30 At 2107 4th Ave S Denison, Iowa

2107 4th Ave, Denison, Iowa

$310,000
Acres: 1.37
MLS # 1501083
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Property Information
MLS# 1501083
County Crawford
Year Built 1964
Property Description
19 units Budget Inn motel in Denison, Iowa is well maintained and well built with concrete blocks, located on a busy US highway 30 in a major commercial area of the town. Room revenue is consistence in last four years and potential to increase the room revenue for an aggressive new owner. Asking price is $ 265,000 with 2014 RRM (Room Revenue Multiplier) 2.4 times. Excellent buy for owner operated family. Motel is equipped with large kitchen & two bedroom living quarter. This two story motel has very little to no competition for many commercial businesses. Motel has full commercial laundromat for guest use. Price at $ 265,000
size & lot
Lot Size 59677
Acres 1.37
Structure
Tax & Terms Information
Gross Taxes $8,732
Net Taxes $8,732
Lease Information
Utilities
Heat WNWLAI
Tenant-Owner Information
Listing courtesy of Ashok Parikh, Skogman Realty
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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