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Midwest Motel 7021 In-930 20 Room Hotel Fort Wayne, IN 46803 $1,100,000 ($55,000/Room) 14.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Double Digit Cap Rate
- Great Location
- Stabilized, Turn-key investment
EXECUTIVE SUMMARY
Global Real Estate Advisors is pleased to present the exclusive offering of the Midwest Motel, a 20-unit hospitality property ideally located along IN-930 in the growing
Fort Wayne, Indiana market.
The property comprises 16 traditional motel rooms and a single-family residence converted into four apartment-style units, providing a mix of transient and extended-stay accommodations.
The asset is currently operated by an on-site manager who oversees daily operations in exchange for discounted rent and a per-room leasing incentive, offering hands-on management and stable oversight. Recent improvements and operational stabilization make this an attractive turnkey investment generating immediate cash flow with a strong double-digit cap rate.
For more information, please visit our listing page at https://midwestmotelfortwayne.sharplaunch.com/
Fort Wayne, Indiana market.
The property comprises 16 traditional motel rooms and a single-family residence converted into four apartment-style units, providing a mix of transient and extended-stay accommodations.
The asset is currently operated by an on-site manager who oversees daily operations in exchange for discounted rent and a per-room leasing incentive, offering hands-on management and stable oversight. Recent improvements and operational stabilization make this an attractive turnkey investment generating immediate cash flow with a strong double-digit cap rate.
For more information, please visit our listing page at https://midwestmotelfortwayne.sharplaunch.com/
PROPERTY FACTS
| Price | $1,100,000 | Building Size | 3,516 SF |
| Price Per Room | $55,000 | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 14.77% | Year Built | 1947 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 5.69/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.17 AC | ||
| Zoning | GB - General Business | ||
| Price | $1,100,000 |
| Price Per Room | $55,000 |
| Sale Type | Investment |
| Cap Rate | 14.77% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 3,516 SF |
| No. Rooms | 20 |
| No. Stories | 1 |
| Year Built | 1947 |
| Tenancy | Single |
| Parking Ratio | 5.69/1,000 SF |
| Corridor | Exterior |
| Zoning | GB - General Business |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $110.00 | - |
| Guest Room | 16 | $66.00 | - |
PROPERTY TAXES
| Parcel Number | 02-13-10-252-005.000-041 | Improvements Assessment | $21,700 |
| Land Assessment | $89,000 | Total Assessment | $110,700 |
PROPERTY TAXES
Parcel Number
02-13-10-252-005.000-041
Land Assessment
$89,000
Improvements Assessment
$21,700
Total Assessment
$110,700
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Midwest Motel | 7021 In-930
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