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2107 4th Avenue S - Budget Inn, Denison, IA

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2107 4th Avenue S - Budget Inn

Denison, IA 51442-2260

Property Type:Hospitality Number of Rooms:19 Status:Existing Year Built:1964
Stories:- Building Size:8,000 SF Land Area:1.35 AC (58,928 SF)
For Sale Price:$310,000 Price/Room:$16,316 Cap Rate:-


Sale Notes:
19 units Budget Inn motel in Denison, Iowa is well maintained and well built with concrete blocks, located on a busy US highway 30 in a major commercial area of the town. Room revenue is consistence in last four years and potential to increase the room revenue for an aggressive new owner. Asking price is $ 265,000 with 2014 RRM (Room Revenue Multiplier) 2.4 times. Excellent buy for owner operated family. Motel is equipped with large kitchen & two bedroom living quarter. This two story motel has very little to no competition for many commercial businesses. Motel has full commercial laundromat for guest use.

Skogman Commercial Group
Ashok Parikh
(319) 363-8286 x204

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