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3430 Las Vegas Blvd N, Las Vegas, NV 89115
15 Rooms | Hotel & Motel
Hotel / Motel - Off Market
- No. Rooms:
- Building Size:
- 7,466 SF
- Property Type:
- Hotel & Motel
- Property Sub-type:
- Economy/ Limited Service
- Additional Sub-types:
- Property Use Type:
- Commission Split:
- Average Daily Rate:
- Lot Size:
- 0.46 SF
- Listing ID
- Last Updated
- 318 days ago
The Skyline Motel, a well maintained lodging opportunity featuring 14-guest rooms plus a managers suite.
All of the rooms have been updated and feature furniture purchased from the Venetian. An electronic driveway gate restricts entry only to those with a transponder or permitted by staff. There is also a new surveillance system that monitors the property.
The motel was a recent foreclosure, therefore historical financial performance figures are not available. However, since reopening - and with new management in place, the property has generated $8,000 - $10,000 a month in revenue.
Property has a private assumable mortgage balance of approximately $170,000. The interest rate is 6%, 25-year amortization, with a balloon payment due May 2018. Monthly payment is $1,095.31.
Please call Broker to arrange property showings. Owner / Management will not permit prospective purchasers showing up unannounced.
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P