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.
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0BEDS
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2.26ACRES
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0BATHS
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01/2 BATHS
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8,208SQFT
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$0$/SQFT
School Information
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.
© 2023 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 | Skogman Realty. Data last updated: 2023-09-21T17:25:56.817