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Browse More Listings in Hotel & Motel For Sale, Gold Beach, OR or Oregon

Hotel / Motel For Sale - In Contract

Motel 6 - Gold Beach

94433 Jerry's Flat Rd, Gold Beach, OR 97444

Price:
$1,795,000
No. Rooms:
50
Price/Room:
$35,900
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
10.11%
Corridor:
Yes
Find Out More...

Last Verified 10/22/2009 Listing ID 16156754

Description

***PRICE REDUCED $200K*** 50 unit Motel 6 franchise on Southern Oregon Coast. New roof, new signage. New computer system for Accor PMS installed 6/2009. Assumable financing available, currently at 4.25%. Absentee owners in California have owned for many years. Built in 1987 as 40 units, 10 units added in 1988. Transfer fee for franchise is $10K, of which Accor will rebate $5K after one year.

50 miles north of the California/Oregon border, on Hwy 101 at the Rogue River.

Financial Summary

Actual
Net Operating Income
$187,050

Map of 94433 Jerry's Flat Rd, Gold Beach, OR 97444 (Curry County)

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Contact Listing Broker

Howard Mathews (925) 634-2299

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Created 3/20/2009

Additional Information for 94433 Jerrys Flat Road, Gold Beach, OR 97444

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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.

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Hotel & Motel Property For Sale - Motel 6 - Gold Beach

94433 Jerry's Flat Rd, Gold Beach, OR, 97444