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1320 W Madison St

Washington, IA 52353
  • $495,000
  • STATUS: Active
  • ON SITE: 49 days
  • MLS #: 202103556
$495,000
  • 0
    BEDS
  • 2.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,208
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Information

Elementary School:
Middle School:
High School:

Description

22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.

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© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-08-05T00:25:35.933
www.lepicelite.com/homes/118331913
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1320 W Madison St Washington, IA 52353

  • Price: $495,000
  • Status: Active
  • MLS #: 202103556
0
Beds
0
Baths
0
½ Baths
2.26
Acres
8,208
SQFT
$60
$/SQFT
1959
Built
Neighborhood:
Washington Area
County:
Washington
Area:
Washington Area
Elementary School:
Washington
Middle School:
Washington
High School:
Washington
Property Description
22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.
Exterior Features

Additional Square Feet 5000-10000 Sqft Construct Cm Frame Road Frontage County/City RoadPavement Roof Type Composition

Interior Features

Cooling Central A/CWindow Unit Elevators No Floor Type CarpetCeramic TileVinyl/Vinyl Tile Heating ElectricGasOtherForced Air

Property Features

Bank Owned NO Business Hotel/Motel Ci Features Display WindowOther Gross Taxcounty And City 12390 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Corner Lot Lot Dimensions Irregular Ownership Type Commercial Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease N/A Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning B2

Listing information © 2021 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-08-05T00:25:35.933
 
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