2210 W ST S

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2210 W ST S

GRINNELL, IA 50112
Asking Price
$2.70M
Asset Type
Hotel Hospitality
Class
Class B

What's Special

57 Rooms | PIP Completed | I-80 hwy Location | (Hotel & Store Portfolio Available) <p>Reco Real Estate Advisors is pleased to present the AmericInn by Wyndham Grinnell, a 57-key, two-story-two buildings limited-service midscale hotel positioned directly at Interstate I-80 Exit 182 in Grinnell, Iowa. The property occupies a 2.66-acre site with 34,627 square feet of improvements across two free-standing buildings, offering an indoor pool, hot tub, fitness center, complimentary hot breakfast, guest laundry, and ample paved surface parking. Recently completed PIP - 2023-2025. </p>

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NOI
$80,000
Cap Rate
2.96%
DSCR
0.50
Underwater
Cash-on-Cash
-9.91%
Monthly Payment
$13,358.127
Annual Cash Flow
$-80,297.522

Location & Travel Times