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!
Property For Sale
[fa icon="calendar'] 10/5/20 11:58 AM / by Kinley Donaldson posted in Denver Commercial Real Estate, Residential Real Estate, coloradocommunities, multifamily, commercecity
Property For Sale
[fa icon="calendar'] 3/6/20 4:36 PM / by Kinley Donaldson posted in Denver Commercial Real Estate, Residential Real Estate, coloradocommunities, multifamily, commercecity
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!