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Property Highlights: Rentable Rooms: 152017 Revenue: $104,000ADR: $50Asking price: $259,000!Revenue Multiplier: 2.4xOccupancy Rate: 40% Cap Rate assuming Owner-Operator working onsite: 32%Owner Operated, Independent Motel with no competition for a 15-mile radius! Purchase a Motel for the Price of a House! The town is surrounded by various lakes catering to the fishing industry. Linden is comprised of manufacturing plants such as West Rock, Foster Farms, Linden Lumber, Cemex, and a few others. The motel includes an owner's suite with bedroom, living room, and kitchen. Total of 15 rentable rooms; 9 upstairs and 6 downstairs. Each room has a refrigerator and microwave. There is a parcel next to More info
Crary Real Estate
Serving Ramsey County, ND
Kissinger Bigatel & Brower Realtors
Serving Centre County, PA
Keller Williams Realty
Serving Clark County, IN
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