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Riverdale Inn Hotel 314 4th St 8 Room Hotel Riverdale, ND 58565 $729,990 ($91,249/Room) 10.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Property has incredible upkeep and lots of potential
EXECUTIVE SUMMARY
For sale is an 8-unit Multifamily building, that is currently operated by the owner as a hotel property. The new owners can choose to continue use as a hotel, or begin leasing as a multifamily building.
PROPERTY FACTS
| Price | $729,990 | Building Class | B |
| Price Per Room | $91,249 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,595 SF |
| Cap Rate | 10.69% | No. Rooms | 8 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2018 |
| Price | $729,990 |
| Price Per Room | $91,249 |
| Sale Type | Investment |
| Cap Rate | 10.69% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 5,595 SF |
| No. Rooms | 8 |
| No. Stories | 2 |
| Year Built | 2018 |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 83-0001-00924-000 | Improvements Assessment | $61,850 |
| Land Assessment | $8,100 | Total Assessment | $69,950 |
PROPERTY TAXES
Parcel Number
83-0001-00924-000
Land Assessment
$8,100
Improvements Assessment
$61,850
Total Assessment
$69,950
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Riverdale Inn Hotel | 314 4th St
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