100 5th Street Adair, IA 50002 Multi Unit - Multiple

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Description

The Budget Inn 34-unit motel, conveniently located just off Exit 75 of Interstate 80, is perfectly positioned in a high-traffic area that benefits from significant visibility and accessibility. The surrounding environment is vibrant, filled with various businesses, restaurants, and services that cater to travelers and locals alike, making it an ideal spot for a motel. ### Key Features - **Well-Maintained Property**: The motel is in excellent condition, showcasing a commitment to upkeep and cleanliness. Each unit is designed for comfort, equipped with essential amenities to ensure a pleasant stay for guests. - **Operational Ready**: The sale includes all necessary furnishings, equipment, and systems to run the motel efficiently. This means new owners can step in without the need for major investments or renovations. - **Growth Potential**: With its strategic location and the surrounding business activity, there is substantial potential for growth. Opportunities may include: - **Enhanced Marketing**: Targeting business travelers, tourists, and local events. - **Partnerships**: Collaborating with nearby businesses for referral programs or package deals. No guarantee contained information is completely accurate. Any potential buyer should verify the information contained in this description ..

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 6,962
County: Adair
Listed By:
Thomas Realty 712-542-6325
No Coast MLS
$675,000
Est. $4,505/mo
6,962sqft
Active
BEDS0 BATHS0 SQUARE FEET6,962 MLS#6339231
STATUS PROPERTY TYPEMulti Unit - Multiple

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100 5th Street, Adair, IA 50002.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $675,000$675,000$675,000
Down Payment $135,000$23,625$168,750
Monthly Mortgage Amount $3,369$4,135$4,204
Taxes $939$939$939
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$297$0
Monthly Estimated Total $4,505$5,568$5,340

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