606 West Holme Street

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606 West Holme Street

Norton, KS 67654
Asking Price
$550K
Cap Rate
9.09%
Asset Type
Motel Hospitality
Class
Class B

What's Special

Independent motel that contains 27 motel rooms and has strong upside potential <ul><li>​Attractive Entry Price Point for Owner-Operator Opportunity<ul><li>​Low operating costs</li><li>​Simple management structure</li></ul></li><li>​Operational Upside Opportunity<ul><li>​Improved revenue management</li><li>​Increase expense control and operational efficiencies</li><li>​Potential rebranding and property upgrade to increase Average Daily Rate (ADR)</li></ul></li><li>​High Demand for Affordable Lodging<ul><li>​Road Travelers</li><li>​Construction and workforce crew</li><li>​Fi

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

Location & Travel Times