This Hotel & Motel Property is Off-Market.

5117 E 38TH STREET
Indianapolis, IN 46218 ·

50 Rooms · Hotel & Motel For Sale

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INDY HOTEL

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
Property Sub-type
Economy/Limited Service
More...
  • Multifamily (land)
  • Retail (land)
  • Commercial/ Other (land)
Lot Size 0.75 AC
Property Use Type Investment
Listing ID: 16587604 Date Created: 02/25/2010 Last Updated: 03/31/2011

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.

Highlights

  • Web Site www.usahotel.us.com

Research

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

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