This Hotel & Motel Property is Off-Market.

3430 Las Vegas Blvd N
Las Vegas, NV 89115 ·

15 Rooms · Hotel & Motel For Sale

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Skyline Motel

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
Property Sub-type
Economy/Limited Service
More...
  • Garden/Low-Rise
Lot Size 0.46 SF
Listing ID: 18015701 Date Created: 02/06/2013 Last Updated: 04/29/2013

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.

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Research

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

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