6850 E. 21st St, Indianapolis, IN, 46219 - Available for Sale

Hotel & Motel For Sale

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137 ROOMS * HELP RUN * $1,000,000 INCOME *

6850 E. 21st St, Indianapolis, IN 46219

$1,495,000

137 Rooms | Hotel & Motel

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Front View From 21st Street

Hotel / Motel For Sale

Price:
$1,495,000
No. Rooms:
137
Building Size:
30,000 SF
Price/Room:
$10,912.41
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Full Service
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
6%
Average Daily Rate:
$45
Average Occupancy:
85%
No. Stories:
2
Year Built:
1970
Corridor:
Exterior
Lot Size:
2.40 AC
APN / Parcel ID:
7015710
Listing ID
17230390
Last Updated
6 days ago

Find Out More...

Description

BY OWNER - INCOME IS OVER $1,000,000 a year. BANK STATEMENTS & TAX RETURNS ARE AVAILABLE. Friday & Saturday we are 100% occupied. HELP RUN - I haven't even been there in over 2 years. Managers live on site. Rooms are rented daily, weekly & monthly. I have remodeled the entire building and all new signage was installed with an increase in price. The hotel now averages 90% occupancy, most of the tenants live there permanetly and pay weekly. This is the 2nd largest city in the entire midwest. Hotel is visable from the main freeway off ramp. Most rooms have a Microwave & refrigerator. We have 8 new coin operated washers & dryers. I am not a realtor, I am a private party owner. Please do not visit the property without first making an appointment, the manager is going nuts with buyers that don't have the money and just show up. Also, If your interested, click on the blue box in the upper right hand corner of this ad that says "CONTACT LISTING BROKER and I'll automatically get your email address & send you a package. You may visit the hotel Sunday or Tuesday 10am to 4pm - Tour reservation 317-353-9781 press 0,
Hayden Hamilton - Owner

N Shadeland Avenue offramp of the 70 Freeway - Located just West of the corner of 21st St & Shadeland Ave.

Financial Summary

  • Proforma
  • 2014

Map of 6850 E. 21st St, Indianapolis, IN 46219 (Marion County)

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137 ROOMS * HELP RUN * $1,000,000 INCOME *
  • Hotel & Motel
  • $1,495,000
  • 137 Rooms
  • 30,000 SF