1635 South 12th Ave West - Hospitality FOR SALE
Newton, IA 50208 |
$1,300,000 USD
605-444-7117
1635 South 12th Ave West
Newton, IA 50208
OVERVIEW
# of Rooms: 42
2024 Occupancy - STR Report:30.91%
Parking Lot: Paved - 42 spaces
Cap Rate: 8.23%
Price per Room: $30,952.38
Price/SF: $150.32
ADR - STR Report: $76.52
GRM: 3.19Xs
REV PAR - STR Report: $27.12
3 Year Average NOI: $158,000
2024 Revenue: $335,948
Real Estate Taxes: $19,482
2025 Projected Revenue: $430,000
Manager’s apartment on-site
Wyndam PIP 80% complete
FOR SALE DETAILS
PRICE
$1,300,000 USD
PRICE/SF
$75 USD /SF
# OF ROOMS
43
PRICE/ROOM
$30,233 {currency}
CAP RATE
8.23%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Super 8 by Wyndham Newton
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1989
PARKING SPACES
47
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,756 SF
ZONING
C
APN/PARCEL ID
13-04-101-007
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605-444-7117
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605-444-7117
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