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Motel for Sale by Owner
Abilene, Kansas
SOLD

 

This 29 unit motel is located close to I-70 at exit 275. It is an attractive and well maintained property.

The motel enjoys an excellent reputation and high repeat client rate.

There is a beautiful owner's living quarter attached to the office. It has 1 bedroom on the main floor and 3 rooms in the basement. It features custom made built in cabinets. There is also a 3 car garage.

Included are 2 signs in the city valued at $15,000 and one highway sign valued at $40,000.

 
 

The motel is a one story newly painted building. There are no outstanding repairs needed.

Room Features:

  • Satellite TV with movies
  • Refrigerator in all rooms
  • Hairdryer in most rooms
  • Microwaves in most rooms
  • Good room mix including a 2 bedroom suite
  • Each room is unique and individually decorated

Nearby Attractions:

  • Eisenhower Center
  • Abilene Doll Collection
  • Chisholm Trail Golf Course
  • Abilene Civil Center
  • Greyhound Hall of Fame
  • Abilene Smoky Valley Railroad
  • American Indian Art Center
  • Dickinson Co. Historical Museum
  • Seelye Mansion, Garden & Museum
  • Museum of Independent Telephony
  • Vintage Fashion Museum
  • God's Garden
  • Russell Stover Factory Outlet
 
 

 

This is a good income producer and an ideal property for a first time buyer.

Average Room Rate : $30-$37
NOI Over $50,000

Room Revenue for Last 3 years:
2005
Estimated
2004
2003
$159,000
$160,000
$162,000

Estimated Mortgage
Motel Price: $
Number of Units
Cost per Unit
Down payment or %
Loan Term years
Interest Rate %
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