Motel For Sale
Location: 108 Pearl St
Bedford, IA
   
Price: $240,000
Rooms: 18
  
Occupancy: 40%
Average Daily Rate: $42
Income: $80,000
Expenses: $40,000
NOI: $40,000
  
Gross Multiplier: 3.00
Price / Room: $13,333
Cap Rate: 16.67%
   

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.

   

Dave Ward
Skogman Commercial Group

Office:
Mobile:
319-362-4373 ext. 129
319-551-4400

The Lodging Team!

All information furnished regarding this property is obtained from sources deemed in our opinion to be reliable but not guaranteed.
This information is also subject to change or withdrawal at any time without notice.