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606 West Holme Street
Norton, KS 67654
Asking Price
$650K
Cap Rate
7.69%
Asset Type
Motel Hospitality
Class
Class B
What's Special
Independent motel that contains 27 motel rooms with 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
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856
