SK Realty Montana Wyoming Idaho Ranches for Sale

 

 

 

 

 

 

 

 

 

 

"26 Unit Nightly/Weekly Motel Units"

Laurel, Montana

~Professionally Managed Onsite~

Unit #1 ~ 711 East Main ~ 13 Units and Managers Apartment

Unit #2 ~ 1403 East Main ~ 13 Units

Property Overview:  This offering consists of 26 motel rental units professionally managed with an onsite manager.  Includes a managers apartment and is licensed to operate offering nightly and weekly rates.  3 Years of financial data show a 9.2 % CAP Rate and an average Net Income of $137,573/Year with one of those years a rebuilding year with many of the rooms remodeled and system updates including  heating, plumbing, windows, electrical, and insulation making for more efficient operation and attractive rooms many with kitchens.  This is a hard to find cash flow property setup for ease of management and maintenance.  Contact Steve Krutzfeldt to view. $1,495,000

 

Pertinent Information:

  • Excellent Cash Flow (Exclusing rebuilding year average NOI was $167,622;  Average 3 year-$137,573 with 2017 shaping up nicely)

  • Many improvements with rooms remodeled and updated with new windows and roof systems, heating, electrical, plumbing, and insulation updates throughout.

  • 27 Total Units which includes managers apartment

  • (8) small rooms; (12)-1 bed with kitchen; (2)-2 bed with kitchen; (2)-3 bed with kitchen; (2)-4 bed with kitchen

  • Very well maintained

  • Onsite Manager

  • Both Units are close to each other

  • With improvements in 2016 cost of operation improved with upgraded insulation and windows and efficient heaters

  • Price-$1,495,000 Current 9.2% CAP

  • Call Steve Krutzfeldt to arrange a Showing 406-580-4207

 

Unit #1  ~ 711 East Main

 

 

Unit #2  ~ 1403 East Main

 

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Offering is subject to errors, omissions, withdrawal, previous offers, and approval of purchase by owner.  All efforts have been made to insure the accuracy of the details though any potential buyer is advised to seek independent counsel as to the character of the property. Property is subject to price change, withdrawal, and approval of purchase by the owner. Property is being conveyed and buyer is accepting in its current "as is" condition