Motel For Sale
Location: 920 S Phillips St
Algona, IA
   
Price: $210,000
Rooms: 19
  
Occupancy: 32%
Average Daily Rate: $30
Income: $67,445
Expenses: $30,226
NOI: $37,219
  
Gross Multiplier: 3.11
Price / Room: $11,053
Cap Rate: 17.72%
   

Description:  1 acre of land laundry and living apt. 1 br. living room and kitchen

   

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.