Iowa Business For Sale

Motel, Townhouses, Efficiency Apartments

Not Disclosed, IA

Commercial Real Estate: Multifamily

Asking Price:
Year Established:
Employees:
Listing Number:
$905,000
Not Disclosed
Not Disclosed
569624203
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
Not Disclosed
Not Disclosed
Not Disclosed
Not Disclosed

Business Overview:

Located in a community with a population of 4,000 nearly. The property has highway frontage and around 6.5 acres in size. Total of 68 units in 3 separate buildings. The motel building has 32 units, of which 30 are currently rent-able. Building is designed with back-to-back rooms with at-door guest parking. There is an interior hallway that splits the rooms and is used by housekeeping. The townhouse building sits to the back of the property and has a possible 28 total units. Some of these units are designed to be small efficiencies and some are 2-story 2-bedroom units. The third building is designed as an apartment building with the possibility of 8 total units. Four apartments are currently being rented and the remaining 4 are under renovation. The property also includes a 3-bedroom home/office and has a large 2-stall attached garage. This property is currently being renovated and while the work is being completed, the owner will consider all reasonable offers. The entire property is priced to sell at $905,000. Owner may split property.

For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.

Property Features and Assets:

Highway Frontage. 68 Total Units. 32 Guest Rooms. 28 Townhouse/apartments. 8 Efficiency Apartments. Hard Surface Parking.

Additional Details:

  • The property is leased.
  • The owner may be willing to train/assist the new owner.
  • The owner may be willing to work for the new owner.
  • This may become a homebased business opportunity.
  • This may become a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Contact the Seller:

To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.

Additional Information

Motel, Townhouses, Efficiency Apartments
Business Listed By:
Kay Davis
United Country
contact the seller
Good Business at a Great Price
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