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    1320 W Madison St

    Washington, IA 52353
    • $495,000
    • STATUS: Active
    • ON SITE: 58 days
    • MLS #: 202100179
    UPDATED: 10 min ago
    $495,000
    • 0
      BEDS
    • 2.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,208
      SQFT
    • $60
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.

    Monthly Payment Calculator



    © 2021 Iowa City Area Association of Realtors. 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 Johnson Team. Data last updated: 2021-03-06T11:25:42.777
    www.gwenjohnson.com/homes/113046811
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    1320 W Madison St Washington, IA 52353

    • Price: $495,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: 202100179
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.26
    Acres
    8,208
    SQFT
    $60
    $/SQFT
    1959
    Built
    Neighborhood:
    Washington Area
    County:
    Washington
    Area:
    Washington Area
    Elementary School:
    Washington
    Middle School:
    Washington
    High School:
    Washington
    Property Description
    22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.
    Exterior Features

    Additional Square Feet 5000-10000 Sqft Construct Cm Frame Road Frontage County/City RoadPavement Roof Type Composition

    Interior Features

    Cooling Central A/CWindow Unit Elevators No Floor Type CarpetCeramic TileVinyl/Vinyl Tile Heating ElectricForced AirGasOther

    Property Features

    Bank Owned NO Business Hotel/Motel Ci Features Display WindowOther Gross Taxcounty And City 12390 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Corner Lot Lot Dimensions Irregular Ownership Type Commercial Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease N/A Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning B2

    Listing information © 2021 Iowa City Area Association of Realtors.
    Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



    © 2021 Iowa City Area Association of Realtors. 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 Johnson Team. Data last updated: 2021-03-06T11:25:42.777
     
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