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Quadna Mountain Resort 501-550 Quadna Rd 64 Room Hotel Hill City, MN 55748 $7,975,000 ($124,609/Room)
INVESTMENT HIGHLIGHTS
- 40 individually titled Lakeshore resort condominiums. Tons of amenities. investor/buyer my rent long-term or short term.
EXECUTIVE SUMMARY
Low down(10%), low interest(4.99%) owner financing available on this prime, redeveloped Lakeshore condo resort in Northern Minnesota. A total of 40 individually titled, free and clear condos available. Tons of amenities. Short term and long-term rental strategy possible for owner/investor.Maximize return with planned sales strategy. Fractional ownership sales allowed to increase return. Plus bonus 8 acres of Lakeshore available for future development.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$600,000
|
$23.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$600,000
|
$23.19
|
| Taxes |
$29,400
|
$1.14
|
| Operating Expenses |
$172,000
|
$6.65
|
| Total Expenses |
$201,400
|
$7.78
|
| Net Operating Income |
$398,600
|
$15.41
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $23.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $23.19 |
| Taxes | |
|---|---|
| Annual | $29,400 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $172,000 |
| Annual Per SF | $6.65 |
| Total Expenses | |
|---|---|
| Annual | $201,400 |
| Annual Per SF | $7.78 |
| Net Operating Income | |
|---|---|
| Annual | $398,600 |
| Annual Per SF | $15.41 |
PROPERTY FACTS
| Price | $7,975,000 | Lot Size | 8.00 AC |
| Price Per Room | $124,609 | Building Size | 60,000 SF |
| Sale Type | Investment | No. Rooms | 64 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2024 |
| Property Subtype | Hotel | Parking Ratio | 1.17/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | residential | ||
| Price | $7,975,000 |
| Price Per Room | $124,609 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.00 AC |
| Building Size | 60,000 SF |
| No. Rooms | 64 |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2024 |
| Parking Ratio | 1.17/1,000 SF |
| Corridor | Exterior |
| Zoning | residential |
AMENITIES
- Fitness Center
- Spa
- Wheelchair Accessible
- Golf Course
- Marina
- Beach (direct access)
- Smoke-Free
- Hot Tub
- Fiber Optic Internet
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 20 | $102.00 | - |
| Guest Room | 44 | $67.00 | - |
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Renewal Development LLC
Quadna Mountain Resort | 501-550 Quadna Rd
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