1320 W Madison Street

    Washington, IA 52353
    • $494,500
    • STATUS: Active
    • ON SITE: 121 days
    • MLS #: 1905399
    $494,500
    • 0
      BEDS
    • 2.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,208
      SQFT
    • $60
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Beautiful well maintained twenty one rooms Hawkeye Motel located in town of Washington, IA on West Madison St. Highway 92 & 1. Current owner has been owning for last six years and very motivated to sale. Exterior of building is well maintained. Recently all new beddings, flat screen TV, phone System, Security camera, washer & drier, guest laundry, carpet and fresh room paint has been added to this motel. Modern three bedroom manager apartment is recently been renovated with sun room and a kitchen with new stainless steel appliance. Room revenue is consistence for last several years and potential to increase for an aggressive new family operated owner. Hawkeye Motel is well priced at $540,000, 2.8 times the room revenue with attractive cash flow.

    Monthly Payment Calculator

    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-11-21T23:42:46.71.
    www.cedarrapidsareahomes.com/homes/97180960

    1320 W Madison Street Washington, IA 52353

    • Price: $494,500
    • Status: Active
    • MLS #: 1905399
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.26
    Acres
    8,208
    SQFT
    $60
    $/SQFT
    1959
    Built
    Neighborhood:
    OT-W (West Of I-380)
    County:
    Washington
    Area:
    OT-W (West Of I-380)
    Property Description
    Beautiful well maintained twenty one rooms Hawkeye Motel located in town of Washington, IA on West Madison St. Highway 92 & 1. Current owner has been owning for last six years and very motivated to sale. Exterior of building is well maintained. Recently all new beddings, flat screen TV, phone System, Security camera, washer & drier, guest laundry, carpet and fresh room paint has been added to this motel. Modern three bedroom manager apartment is recently been renovated with sun room and a kitchen with new stainless steel appliance. Room revenue is consistence for last several years and potential to increase for an aggressive new family operated owner. Hawkeye Motel is well priced at $540,000, 2.8 times the room revenue with attractive cash flow.
    Exterior Features

    Construction Methods Frame Lot Size 98446 Roof Shingle Asp

    Interior Features

    Basement YN No Ceiling Height 7Ft-10Ft Flooring Carpet Heating Cooling Electricity HeatWindow/Wall Air

    Property Features

    Building Description Multi Tenant For Lease No For Sale Yes Gross Tax 10888 Miscellaneous Sign Net Tax 0 Owner Pays Re TaxInsuranceImprovmentJanitorialHeatingWaterElectricityTrash Collection Possession Immediate Power 220 Volt Property Sub Types BusinessSpecial Purpose Restricted Listing No Sale Includes BuildingBusinessLandLicense Special Purpose Hotel/Motel Terms Cash Trade Bldg Business Name Hawkeye Motel Traffic Count 1001-5000 Utilities ElectricGas Water Sewer Roads City SewerCity Water Zoning Comm

    Listing information © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    Listing provided courtesy of Ashok Parikh of Skogman Realty Commercial.
    © 2019 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Graf Home Selling Team & Associates. Data last updated: 2019-11-21T23:42:46.71.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402