Here is an 18 unit rental property with an additional innkeeper suite located in Indian Lake Estates. This is predominately an agricultural town with multiple recreational camp sites, lakes and trails throughout. The motel primarily benefits from the recreational community known as River Ranch Acres located about 6 miles to the east and a national fishing club that visits throughout the year. Rooms are clean and provide for adequate privacy and security for all guests. There are 14 standard rooms as well as several efficiency units with kitchenettes. Standard rooms are commanding $61 per night and the efficiency rooms are currently bringing in $91 per night. Guests can enjoy the adjacent restaurant for breakfast and lunch that is expected to re-open in less than 60 days. Continue operating this property as a motel business or transition into long-term tenancy apartments. There is a nice upside either way. Please contact your EquityPro Advisor today.
18 Unit Motel Opportunity
18 bed / 18 bath8,880 sq ft Built in 1958Multi-family
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