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620 2nd Ave SE
Cresco, IA 52136
Cresco Motel · Hospitality Property For Sale
·
7,745 SF
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 620 2ND AVE SE , CRESCO, IA 52136
Motivated seller has lower down the price to $365,000. Beautiful well maintained twenty rooms Cresco motel located on NE side of Iowa on Iowa Highway 9 in town of Cresco, IA. Current owner has been owning for last ten years and decide to retire. Wood exterior of building is well maintained and recently new cement side was added. Room revenue is consistence for last several years and potential to increase the room revenue for an aggressive new family operated owner. Modern living quarters has four bedrooms with one and a half bath equipped with kitchen. Cresco motel is well priced at $365,000, 2.34 times the room revenue with attractive cash flow. Current bank is willing to finance to a new qualified owner.
PROPERTY TAXES
| Parcel Number | 320-09-03-00-090-000 | Improvements Assessment | $249,480 |
| Land Assessment | $54,750 | Total Assessment | $304,230 |
PROPERTY TAXES
