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Hwy 30 & Hwy 59 Intersaction At 803 4th Ave S Denison, Iowa

803 4th Ave, Denison, Iowa

$650,000
Acres: 3.16
MLS # 1501084
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Property Information
MLS# 1501084
County Crawford
Year Built 1940
Property Description
30 units Park Motel in Denison, Iowa is a historic Spanish Colonial Revival building with all the modern comforts with the old charm of the 40's, located at busy intersections of US highway 30 & US highway 59 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 $ 650,000 with 2014 RRM (Room Revenue Multiplier) 2.8 times. Excellent buy for owner operated family. Two bedroom living quarter equipped with modern kitchen with stainless steel appliances & hot tub. This two story motel is well maintained and well built with brick and stucco exterior finish with wooden heavy doors in round arch opening with red tile roofs. Excellent buy for price at $ 650,000
size & lot
Lot Size 137650
Acres 3.16
Structure
Tax & Terms Information
Gross Taxes $15,786
Net Taxes $15,786
Lease Information
Utilities
Heat ELEHEA,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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