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Slumber Lodge Motel 27 Seventh Ave S 26 Room Hotel Williams Lake, BC V2G 1L2 $1,315,501 USD ($50,596 USD/Room) 10.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Best location in town, easy management, steady revenue
EXECUTIVE SUMMARY
Investor Alert! Great opportunity. This turn-key revenue operation with an added bonus of an adjacent building lot included. This established 26 room Motel property with 325' of frontage is in a prime location with busy through traffic in Downtown Williams Lake BC. All amenities are within two blocks of the property including shops, grocery stores, drug store , Time Hortons across the street, Denny's, Gas Station , Starbucks , Staples etc. The building was built in 1964 (solid) many plumbing, electrical updates.
The adjacent cleared lot is available to build multi-family apartment building, townhouses or expand the motel for more revenue. Some Seller financing may be available to qualified Buyers.
The adjacent cleared lot is available to build multi-family apartment building, townhouses or expand the motel for more revenue. Some Seller financing may be available to qualified Buyers.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$183,868
|
$7.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,969
|
$0.47
|
| Effective Gross Income |
$172,900
|
$7.47
|
| Taxes |
-
|
-
|
| Operating Expenses |
$87,749
|
$3.79
|
| Total Expenses |
$87,749
|
$3.79
|
| Net Operating Income |
$85,151
|
$3.68
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $183,868 |
| Annual Per SF | $7.94 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $10,969 |
| Annual Per SF | $0.47 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $172,900 |
| Annual Per SF | $7.47 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | $87,749 |
| Annual Per SF | $3.79 |
| Total Expenses (USD) | |
|---|---|
| Annual | $87,749 |
| Annual Per SF | $3.79 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $85,151 |
| Annual Per SF | $3.68 |
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 26 | $65.08 USD | - |
1 1
Walk Score®
Very Walkable (71)
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Presented by
Homeland Housing Services LLC
Slumber Lodge Motel | 27 Seventh Ave S
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