1503 W Sheridan Avenue

    Shenandoah, IA 51601
    • $770,000
    • STATUS: Active
    • ON SITE: 266 days
    • MLS #: 1708919
    UPDATED: 28 min ago
    $770,000
    • 0
      BEDS
    • 1.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,687
      SQFT
    • $61
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1962
    County:

    School Ratings & Info

    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

    Monthly Payment Calculator

    © 2018 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: 2018-06-23T18:42:52.13.
    www.cedarrapidsareahomes.com/homes/77163522

    1503 W Sheridan Avenue Shenandoah, IA 51601

    • Price: $770,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 1708919
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.44
    Acres
    12,687
    SQFT
    $61
    $/SQFT
    1962
    Built
    Neighborhood:
    OT-W (West Of I-380)
    County:
    Fremont
    Area:
    OT-W (West Of I-380)
    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
    Exterior Features

    Construction Methods Frame Lot Size 62726 Roof Shingle Asp Street View Param 1$40.765994$-95.38453500000003$353.38$13.33$1.00$Ntsvznuzhc8pqbwzq-S46w

    Interior Features

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

    Property Features

    Building Description Multi Tenant For Lease No For Sale Yes Gross Tax 5388 Miscellaneous Sign Net Tax 0 Owner Pays Re TaxInsuranceImprovmentJanitorialHeatingWaterElectricityTrash Collection Possession Immediage Power 220 Volt Property Sub Types BusinessInvestmentSpecial Purpose Restricted Listing No Sale Includes BuildingBusinessLandLicense Special Purpose Hotel/Motel Terms Cash Trade Bldg Business Name Tall Corn Inn Traffic Count 5001-10000 Utilities ElectricGas Water Sewer Roads City SewerCity Water Zoning Comm

    Listing provided courtesy of Ashok Parikh of Skogman Realty Commercial.
    © 2018 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    © 2018 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: 2018-06-23T18:42:52.13.
     
    The Graf Home Selling Team & Associates
    1190 Twixt Town Rd NE
    Cedar Rapids IA, 52402