This property is Off-Market
3430 Las Vegas Blvd N
Las Vegas, NV 89115 ·
15 Rooms · Hotel & Motel For Sale
|Price||N/A||Property Use Type||Investment|
|No. Rooms||15||Commission Split||2.5%|
|Building Size||7,466 SF||Average Daily Rate||$45|
|Property Type||Hotel & Motel||Corridor||Exterior|
|Lot Size||0.46 SF|
|Listing ID: 18015701||Date Created: 02/06/2013||Last Updated: 04/29/2013|
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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