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On W Sheridan Ave, Shenandoah

1503 W Sheridan Ave, , Iowa

$800,000
Acres: 1.44
MLS # 1708919
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Property Information
MLS# 1708919
County Fremont
Year Built 1962
Property Description
Great opportunity for a new hotel-motel investor with good cash flow. This 47 room is outdoor corridor with excellent two living quarters, one with one bedroom and another one with two bedroom. Both living quarter and equipped with modern kitchens and living room. It is very well maintained property, located on the busy US Hwy 59 in Shenandoah, IA. Asking price $800,000, 2.7 times room revenue. Consistent room revenue for last three years and potential to boost even more
size & lot
Lot Size 62726
Acres 1.44
Structure
Tax & Terms Information
Gross Taxes $5,388
Lease Information
Utilities
Heat ELEHEA,WNWLAI
Water CTYSWR,CTYWTR
Tenant-Owner Information
Listing courtesy of Ashok Parikh, Skogman Realty Commercial
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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