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1315 N. State Street
Iola, KS 66749
Asking Price
$1.30M
Asset Type
Motel Hospitality
Class
Class B
What's Special
1315 N. State Street, Iola, KS 66749 <ul><li>58 Room Hospitality Asset ($22,413/Room)</li><li>All 58 rooms include air conditioning, in-room refrigerators, microwaves, coffee makers, and</li><li>premium cable</li><li>Free continental breakfast, free WiFi, free selfparking, a restaurant, bar/lounge, snack bar/deli, business center, and laundry facilities on-site</li><li>In Place Cash Flow and strong occupany rates</li><li>1.5 hours from Kansas City</li></ul>
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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712