SELLER CARRY AVAILABLE! The Investment Opportunity is comprised of 113 operational Studio Suites consisting of 2 individual but neighboring Motor Lodge Motels that have been converted into Extended Stay Studio Suite Motels. The Extended Stay Motels are both located in Carson City, Nevada. The Nugget Hotel has 51 Studio Suites (one serves as additional storage room) and the Nugget Inn has 62 Studio Suites. The properties were built in 1976/1977 and sit on approximately 1.22 acres. The Nugget Hotel is solid brick construction with a flat roof and the Nugget Inn is solid brick construction with a tile roof. Both properties are two stories. Both Motels are on All City Services. All Utilities, including Cable and Internet, are included with rent and paid by owner. All Tenants are on Month to Month rental agreements. All Studio Suites are fully furnished including TV, microwave, mini-refrigerator and each have a single Queen Bed. All Rooms are designated Non-Smoking. The Nugget Hotel has a guest laundry room with 2 Washers/2 Dryers. The Nugget Inn has a guest laundry room with 2 Washers/2 Dryers. The laundry equipment is leased. The lobby at the Nugget Hotel serves as the office and lobby for both properties. There is a newly remodeled oversized Studio (includes full Kitchenette, full Bathroom and linoleum) that current ownership is using as a corporate office (prospective Buyer can rent for approximately $1,000/month). The Nugget Hotel has full and final approval for the addition of Kitchenettes to all 50 Studio Suites. Ownership has converted 20 rooms from carpet to linoleum and will continue to update on every turn at the Nugget Inn. There is a newly constructed Dog Run. The Nugget Hotel and Nugget Inn offer a convenient location in the heart of Carson City with a strong Onsite Manager (very strong and would like to stay). The two desirable properties are just steps away from multiple downtown amenities and the Carson City Nugget Casino Hotel is directly across the street!
