7021 In-930 - Hospitality FOR SALE


Fort Wayne, IN 46803- South Fort Wayne
$1,100,000 USD
248-394-0000
7021 In-930, Fort Wayne, IN for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/5
null | 14.77% Cap Rate

7021 In-930
Fort Wayne, IN 46803
South Fort Wayne


HIGHLIGHTS

  • Double Digit Cap Rate
  • Stabilized, Turn-key investment
  • Great Location

OVERVIEW

Global Real Estate Advisors is pleased to present the exclusive offering of the Midwest Motel, a 20-unit hospitality property ideally located along IN-930 in the growing Fort Wayne, Indiana market. The property comprises 16 traditional motel rooms and a single-family residence converted into four apartment-style units, providing a mix of transient and extended-stay accommodations. The asset is currently operated by an on-site manager who oversees daily operations in exchange for discounted rent and a per-room leasing incentive, offering hands-on management and stable oversight. Recent improvements and operational stabilization make this an attractive turnkey investment generating immediate cash flow with a strong double-digit cap rate. For more information, please visit our listing page at https://midwestmotelfortwayne.sharplaunch.com/

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$313 USD /SF

# OF ROOMS

20

PRICE/ROOM

$55,000 {currency}

CAP RATE

14.77%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midwest Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1947

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

GB

APN/PARCEL ID

02-13-10-252-005.000-041

ASK ABOUT THIS PROPERTY

248-394-0000

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248-394-0000

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