- Commercial
- Featured
ONLINE – Commercial Investment – 8 Efficiency Unit Motel with 90% Occupancy
Online Auction
PLUS a 1,364 sqft Ranch Home 2 Bed / 1 Bath
-
Auction Time
Tuesday, May 25 @ 03:00pm
-
Auction Location
-
Auction Manager
Andy Eckert 260-224-9058 AndyEckert@NessBros.com -
Seller Information
Terrence & Virginia Steed
-
-
ONLY VIEWING FOR RENTALS
Start time: 05/16/2021 1:00 PM | End Time: 3:00 PM
-
Auction Details
This is a Commercial Motel/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place.
The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot.
The Home has 1,364sqft of Living Space with 2 Beds 10×12, 1 Bath, Large 18×16 Living, Kitchen 10×12, Dining 19×15, a 16’x24′ Deck for Entertaining and a 14’x22′ Detached Garage with 8’x14′ Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility
-
Disclaimer
Inspect, Arrange Financing, Bid Your Price
STATEMENTS MADE THE DAY OF AUCTION TAKE PRECEDENCE OVER THE PREVIOUS PRINTED MATERIALS OR ANY ORAL STATEMENTS.
Thank You for your interest in this offering. If you have any questions, please feel free to talk to one of our representatives.
Ness Bros is a Licensed and Insured Auction Company AC39600001
