This 29-unit motel has been owned and operated for over 20 years by the current owner. All units are rented on a weekly or monthly basis (current rent roll available) and most units are well below market rents. With a growing need for affordable housing in the Denver metro area, properties like these are always in high demand; evidenced by the average tenancy being 4 years! Multiple investment strategies including converting to a multi-family asset, adding needed storage & laundry facilities- just to name a few! Download our brochure and contact us for additional information or to arrange a tour!
|Built: 1942||County: Adams|
|Lot Size: 1.45 Acres||Zoning: C-2|
|Units: 29||Cap Rate: 15.5%|
|Parking Spaces: 26||Sale Price: 1,800,000|