5117 E 38TH STREET
Indianapolis, IN 46218 ·
50 Rooms · Hotel & Motel For Sale
|Price||N/A||Average Daily Rate||$39|
|No. Rooms||50||No. Stories||3|
|Building Size||19,452 SF||Year Built||1954|
|Property Type||Hotel & Motel||Corridor||Interior|
|Lot Size||0.75 AC|
|Property Use Type||Investment|
|Listing ID: 16587604||Date Created: 02/25/2010||Last Updated: 03/31/2011|
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 " "
* 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.
- Web Site www.usahotel.us.com
7045 Emblem Drive
Indianapolis, IN 46237
For Sale · $1,850,000
24,000 SF Building
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