Microtel Inn & Suites Colfax Newton 11000 Federal Ave 39 Room Hotel Colfax, IA 50054 $1,175,000 ($30,128/Room) 10.21% Cap Rate
EXECUTIVE SUMMARY
2-story, -37 rooms, interior corridor hotel with Elevator that includes extended-stay rooms with kitchenettes, as well as suites with two rooms and hot tubs
Consistent revenue performance
Manager’s Suite ,
Many recent improvements
Absentee owner.
Opportunity to increase revenues and profit margins with onsite owner operator
Consistent revenue performance
Manager’s Suite ,
Many recent improvements
Absentee owner.
Opportunity to increase revenues and profit margins with onsite owner operator
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $130.00 | - |
| Guest Room | 34 | $110.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 06-35-400-011 | Total Assessment | $917,020 (2024) |
| Land Assessment | $187,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $729,520 (2024) | Tax Year | 2023 Payable 2023 |
CONTACT
-
Tejash Chaudhari - Microtel Inn & Suites by Wyndham Colfax Newton
