| Location: | 1316 N Lake Ave Storm Lake, IA |
| Price: | $550,000 |
| Rooms: | 37 |
| Occupancy: | % |
| Average Daily Rate: | $34 |
| Income: | $141,990 |
| Expenses: | $79,438 |
| NOI: | $62,552 |
| Gross Multiplier: | 3.87 |
| Price / Room: | $14,865 |
| Cap Rate: | 11.37% |
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Description: Mostly lower level Nice 2 br.apt large kitchen and living room and 2 bathrooms, laundry and front desk. Pop machines, ice machines, refrig/microwave in room, air in rooms. Currently remodel rooms with new carpets, doors and AC, and recently painted building. |
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Dave Ward |
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Office: Mobile: |
319-362-4373 ext. 129 319-551-4400 |
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The Lodging Team! |
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This information is also subject to change or withdrawal at any time without notice.