Bought with First Weber Inc
$430,000
$465,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
11,700 SqFt
SOLD DATE : 03/01/2021
Key Details
Sold Price $430,000
Property Type Commercial
Sub Type Motel/Hotel/Bed & Brkfst
Listing Status Sold
Purchase Type For Sale
Square Footage 11,700 sqft
Price per Sqft $36
MLS Listing ID 1898309
Sold Date 03/01/21
Year Built 1983
Annual Tax Amount $7,987
Tax Year 2019
Lot Size 1.440 Acres
Acres 1.44
Property Sub-Type Motel/Hotel/Bed & Brkfst
Property Description
This limited service hotel almost runs itself: Capitalize on strong cash flow and interior corridors with 100% occupancy. Long-term renewable energy projects in the area provide a steady flow of guests and long-term occupants for the near future. Great location on Business Hwy 151 just off the 4-lane! Manager's quarters include a private kitchenette and bath. Bedding, towels & room furnishings included. The 15% cap rate makes this a good investment and low-contact, low-touch keeps your business running during CoVid. Some rooms have recent improvements and updates.
Location
State WI
County Iowa
Area Mineral Point - C
Zoning com
Direction Hwy 151 S to Mineral Point, stay on Bus 151 (becomes Dodge St)
Rooms
Basement Crawl space
Interior
Heating Forced air, Radiant, Window AC
Cooling Forced air, Radiant, Window AC
Exterior
Parking Features 21-35 spaces, Onsite, Paved
Roof Type Composition
Building
Story 2
Water Municipal water, Municipal sewer
Structure Type Vinyl
Others
SqFt Source Seller
Energy Description Natural gas,Electric
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