| Location: |
108 Pearl St Bedford, IA |
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| Price: |
$240,000 |
| Rooms: |
18 |
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| Occupancy: |
40% |
| Average Daily Rate: |
$42 |
| Income: |
$80,000 |
| Expenses: |
$40,000 |
| NOI: |
$40,000 |
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| Gross Multiplier: |
3.00 |
| Price / Room: |
$13,333 |
| Cap Rate: |
16.67% |
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Description: One house with 4 bedroom and 2 living room, dining room, kitchen, and laundry room attached, large garage. Office on front of house. Two of the units have kitchens. The only motel within 25 miles. |
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Dave Ward
Skogman Commercial Group |
Office:
Mobile: |
319-362-4373 ext. 129
319-551-4400 |
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The Lodging Team! |
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