Motel For Sale
Location: 5626 Douglas Ave
Des Moines, IA
   
Price: $1,100,000
Rooms: 50
  
Occupancy: 43%
Average Daily Rate: $38
Income: $345,000
Expenses: $258,304
NOI: $86,696
  
Gross Multiplier: 3.19
Price / Room: $22,000
Cap Rate: 7.88%
   

Description:  Across from mall and 25 restaurants within walking distance. Nearby downtown and state fair. Interior and Exterior corridors. Great potential. 1.5 miles from I-35 & I-80 intersection.

3BR/2BA 1-story home w/basement included. Many new updates, new carpet in May. Currently rented.
   

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.