White Pines Hotel 1301 Aultman St 29 Room Hotel Ely, NV 89301 $1,369,000 ($47,207/Room) 17.30% Cap Rate
INVESTMENT HIGHLIGHTS
- This motel is located at the center of the city, restaurants, casinos and park are walking distance from the motel. Manager on site. Low room rates.
EXECUTIVE SUMMARY
High-Cap Rate Investment Opportunity in Downtown Ely
This well-maintained motel features 29 guest rooms plus a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and hunting all nearby.
Additional Opportunity:
Also available is the White Pine Mobile Home Park, located near the motel. This property spans 2.4 acres (one city block) and includes 10 fully rented mobile homes with 30 total spaces, offering significant upside potential.
Contact us today for more information!
This well-maintained motel features 29 guest rooms plus a furnished one-bedroom apartment attached to the office for on-site management.
The property is all-electric, with every room equipped with a flat-screen TV, microwave, refrigerator, air conditioning, and heater. Guests enjoy amenities such as free Wi-Fi, HBO, and complimentary parking. Centrally located in downtown Ely, the motel is just steps away from casinos, restaurants, and other local attractions.
Prime Location:
Ely sits between Las Vegas and Salt Lake City and is near major copper and gold mines, creating a strong demand for lodging. Outdoor recreation opportunities abound, with Great Basin National Park, Cave Lake, fishing, and hunting all nearby.
Additional Opportunity:
Also available is the White Pine Mobile Home Park, located near the motel. This property spans 2.4 acres (one city block) and includes 10 fully rented mobile homes with 30 total spaces, offering significant upside potential.
Contact us today for more information!
FINANCIAL SUMMARY (ACTUAL - 2024) 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
| Price | $1,369,000 |
| Price Per Room | $47,207 |
| Sale Type | Investment |
| Cap Rate | 17.30% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,316 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2020 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
| Zoning | Hospitality - COMMERCIAL, Motel |
AMENITIES
- Balcony
- Business Center
- High Speed Internet Access
- Patio
- Convention Hotel
- Public Access Wifi
- On-Site Security Staff
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 29 | $60.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 001-218-03 | Total Assessment | $109,564 |
| Land Assessment | $19,216 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $90,348 | Tax Year | 2024 |
CONTACT
-
Mark Moattar - Mark Moattar
