Historical Hotel & Motel Sale Listing - INDY HOTEL

Hotel & Motel For Sale

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INDY HOTEL

5117 E 38TH STREET, Indianapolis, IN 46218

N/A

50 Rooms | Hotel & Motel

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ALL NEW LIGHTED SIGNS

Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
50
Building Size:
19,452 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Multifamily (land)
Retail (land)
Commercial/ Other (land)
Property Use Type:
Investment
Average Daily Rate:
$39
No. Stories:
3
Year Built:
1954
Corridor:
Interior
Lot Size:
0.75 AC
Listing ID
16587604
Last Updated
over 1 year ago

Highlights

  • Web Site www.usahotel.us.com

Description

50 ROOMS - $10,000 per room - $350,000 INCOME, - OWNER FINANCING. THIS ONE MAKES MONEY. ABSENTEE OWNER!!! 90% OCCUPIED. INCOME IS CURRENTLY $30,000 PER MONTH AND GROWING. EXPENSES $8,000. A QUALITY, MONEY MAKING HOTEL AT A LOW PRICE!!! FULL PRICE $495k - ALL CONCRETE CONSTRUCTION, AND YOU OWN THE WASHERS & DRYERS. IT NEEDS NOTHING! ALL THE ROOMS HAVE BEEN UPDATED INCLUDING MICROWAVES AND REFRIGERATORS. YOU ARE WECOME TO GO TO THE HOTEL, WALK THROUGH AND TALK TO THE MANAGER, THEN CALL ME.

HUGE OWNERS ROOF TOP PENTHOUSE.

RENTS COME IN DAILY - WEEKLY - MONTHLY

YOU OWN THE WASHERS & DRYERS + OTHER INCOME.

SEE MORE INFO AT " "

Highlights:

* High Traffic Area
* Bus-Line in Front of Hotel
* Large Manager Apartment
* Concrete Block Construction
* Highly Visible Location
* Near Reataurants, CVS and Shopping
* Newly Remodled, Rewired
* Guest Laundry
* Hotel Laundry
* storage Rooms
* Onsite Food & Snack Store
* Fridges and Microwaves in Every Room
* Free Wi-Fi, Local Calls, Long Distance Calls
* Automated Phone System
* Computerized Check-Inn System
* Electronic Security
* Hotel has extra income from Drinks & Snacks

At the busy intersection of E. 38th Street and Emerson. Conveniently located near CVS, restaurants, barber shop and hair salon, shopping and interstate within 1 mile, and bus line in front of the hotel.

Map of 5117 E 38TH STREET, Indianapolis, IN 46218 (Marion County)

Research for 5117 E 38TH STREET, Indianapolis, IN 46218 (Marion County)

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