218 Commercial Ave - Apartments FOR SALE


Wallace, NE 69169
$210,000 USD
308-530-1254
218 Commercial Ave, Wallace, NE for Sale
$210,000 USD
Apartments - FOR SALE
1/49
null | 5% Cap Rate

218 Commercial Ave
Wallace, NE 69169


OVERVIEW

WHAT A GREAT OPPORTUNITY TO OWN A PIECE OF HISTORY! THE WALLACE HOTEL AND LAUNDROMAT. NET INCOME DOES NOT INCLUDE AND ALLOWANCE FOR THE OWNERS UNIT IF IT WERE RENTED OUT. The Wallace Hotel (Wallace-hotel.net) is located in Wallace,NE about 20 miles south of I-80 at the Sutherland,NE exit (#158). Currently offering daily and monthly rates. A “must stay” for hunters, truckers, workers, and anyone who needs a comfortable place to stay. Amenities include dish network and Wi-Fi. There also a on-site public laundromat with multiple washers and dryers for additional income. A 1950’s style diner is used for renting out events up to 40 people. There is a total of 10 hotel rooms/suites and the owner/manager unit which is 3 br, 4 ba that could also be rented out and includes an office, living room, dining room, kitchen, and basement with workshop and storage space. Landscaped backyard includes patio and carport. The hotel rooms include: 3 rooms with full size bed and bath; 1 with queen size bed, bath, kitchenette; 1 room with 2 twin beds, 1 room with full size bed - those 2 rooms share a bath and kitchenette; 1 bedroom suite with kitchen, living room, and bath; 2- 2 bedroom suites one with 1 full size bed and a twin bed and one with 2 twin beds, each has living room, kitchen, and bath; 1- 2 bedroom suites with 1 full size bed, 2 twin beds, living room, kitchen and bath.

FOR SALE DETAILS

PRICE

$210,000 USD

PRICE/SF

$19 USD /SF

# OF UNITS

12

PRICE/UNIT

$17,500

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wallace Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,559 SF

ZONING

Commercial

APN/PARCEL ID

0097770.00

ASK ABOUT THIS PROPERTY

Nancy FaulhaberColdwell Banker Preferred GroupMore Info
308-530-1254

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Nancy FaulhaberColdwell Banker Preferred GroupMore Info
308-530-1254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.