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Red Carpet Motel 22980 141st Dr 15 Room Hotel Bouton, IA 50039 $285,000 ($19,000/Room) 25% Cap Rate
Investment Highlights
- Buyers Agent Commission Available at 3%
Executive Summary
This well-located, independent 15-room motel offers a solid opportunity for investors or owner-operators seeking a manageable hospitality asset with significant upside potential. The building features a mix of clean, functional guest rooms, including on-site laundry, RV hook-ups, and even 7 additional storage units for extra income. The property layout is an indoor/outdoor corridor and overhead is very low making it ideal for hands-on ownership or a small staff operation. With steady demand from travelers, contractors, and short-stay guests, this property presents avenues for for revenue growth through cosmetic upgrades, improved marketing, and modernized booking systems.
Property Facts
| Price | $285,000 | Lot Size | 1.36 AC |
| Price Per Room | $19,000 | Building Size | 9,858 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 25% | No. Stories | 1 |
| Sale Condition | Deferred Maintenance | Year Built | 1966 |
| Property Type | Hospitality | Parking Ratio | 3.14/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $285,000 |
| Price Per Room | $19,000 |
| Sale Type | Investment |
| Cap Rate | 25% |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 9,858 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 3.14/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 15 | $60.00 | - |
1 1
1 of 7
Videos
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Photos
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Presented by
Bouton Inn Inc
Red Carpet Motel | 22980 141st Dr
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