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Len Haven Motel and Laundromat 551 Elm St 24 Room Hotel Martin, TN 38237 $1,300,000 ($54,167/Room) 10.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Location to Campus
- Increased Income Potential
EXECUTIVE SUMMARY
Motel and Laundromat with 24 Rooms. 10 Apartment Style and 14 Overnight Rooms. 22 Top Head Washers, 24 Dryers, 1-60lb Front Load Washer, 5-40lb Front Load Washer, 3-30lb Front Load Washer, and 2-20lb Front Load Washer. Water, Cable, Electric, Internet all covered by owner. There is an attached manger living quarters onsite. Great income potential with opportunity to be turned into a boutique motel. Financials can be viewed with an signed NDA and LOI. Owners willing to help with transition. DO NOT CALL business and ask questions. Only contact listing agent.
PROPERTY FACTS Under Contract
AMENITIES
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 24 | $57.00 | - |
PROPERTY TAXES
| Parcel Number | 078D-D-001.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $105,200 |
PROPERTY TAXES
Parcel Number
078D-D-001.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$105,200
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Len Haven Motel and Laundromat | 551 Elm St
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