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RedRoof Inn Motel Convrsn - OwnerFin 10% Down 1400 Saratoga Ave 70 Room Hotel Morgantown, WV 26505 $2,200,000 ($31,429/Room) 19.77% Cap Rate
Investment Highlights
- Next to WVU
- Turn Key - Red Roof Inn - 2 Buildings with 35 rooms each (12 Extended Stay rooms)
Executive Summary
Red Roof Inn Conversion Opportunity – University Town WVU
Are you an experienced motel operator with $200K-$250K to invest?
This seller-financed opportunity is perfect for owner operator with 10% Down!
Seller Financing for the right buyer 10% Down.
Prime Location: University Morgantown, WV ( Near Pittsburg, PA)
Property: 70-room exterior corridor (Buildings A & B) converting to Red Roof Inn
Investment: $200K-$250K for PIP (Property Improvement Plan)
Seller Financing: $2.5MM to be paid after 2-3 years upon refinance
Projected Revenue (Stabilized in 12-16 months): $1.15MM
https://www.loopnet.com/Listing/1400-Saratoga-Ave-Star-City-WV/31524242/
Serious inquiries only! DM for more details.
Property Listing Title: 70 room Red Roof Inn for Sale or Lease next to WVU, the most vibrant town in the entire state of West Virginia.
Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505
Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each
Listing Price: $2,750,000
Projected Revenue - $1,000,000
Projected ROI - 30%
Property Description: This offering includes 70 guest rooms in two exterior corridor buildings.
Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building.
Ideal for owner / Operator
Contact Information: Himan
urdba@yahoo.com 7328001242
Are you an experienced motel operator with $200K-$250K to invest?
This seller-financed opportunity is perfect for owner operator with 10% Down!
Seller Financing for the right buyer 10% Down.
Prime Location: University Morgantown, WV ( Near Pittsburg, PA)
Property: 70-room exterior corridor (Buildings A & B) converting to Red Roof Inn
Investment: $200K-$250K for PIP (Property Improvement Plan)
Seller Financing: $2.5MM to be paid after 2-3 years upon refinance
Projected Revenue (Stabilized in 12-16 months): $1.15MM
https://www.loopnet.com/Listing/1400-Saratoga-Ave-Star-City-WV/31524242/
Serious inquiries only! DM for more details.
Property Listing Title: 70 room Red Roof Inn for Sale or Lease next to WVU, the most vibrant town in the entire state of West Virginia.
Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505
Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each
Listing Price: $2,750,000
Projected Revenue - $1,000,000
Projected ROI - 30%
Property Description: This offering includes 70 guest rooms in two exterior corridor buildings.
Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building.
Ideal for owner / Operator
Contact Information: Himan
urdba@yahoo.com 7328001242
Property Facts
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 70 | $78.00 | - |
1 1
Property Taxes
| Parcel Number | 17-5-00910000 | Improvements Assessment | $1,931,940 |
| Land Assessment | $125,700 | Total Assessment | $2,057,640 |
Property Taxes
Parcel Number
17-5-00910000
Land Assessment
$125,700
Improvements Assessment
$1,931,940
Total Assessment
$2,057,640
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HotelM 1400 Saratoga
RedRoof Inn Motel Convrsn - OwnerFin 10% Down | 1400 Saratoga Ave
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