Historical Hotel & Motel Sale Listing - Skyline Motel

Hotel & Motel For Sale

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Skyline Motel

3430 Las Vegas Blvd N, Las Vegas, NV 89115

N/A

15 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
15
Building Size:
7,466 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Additional Sub-types:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Average Daily Rate:
$45
Corridor:
Exterior
Lot Size:
0.46 SF
Listing ID
18015701
Last Updated
over 1 year ago

Description

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.

See map.

Map of 3430 Las Vegas Blvd N, Las Vegas, NV 89115 (Clark County)

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