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1158 Ripley Road
Spencer, WV 25276
Asking Price
$240K
Asset Type
Motel Hospitality
Class
Class B
What's Special
1158 Ripley Road, Spencer, WV 25276 <ul><li>Income from monthly tenants and VRBO type rentals</li><li>2/3rds of the buildings have been freshly remodeled with efficiency apartments and a mix of motel type of rooms</li><li>Located along US. 33 - one of the highest traffic counts in the county</li><li>Low vacancy rates and no motels in the county</li><li>Guest laundry for an additional stream of income</li><li>Additional land located across the street for additional commercial pursuits</li></ul>
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NOI
$80,000
Cap Rate
33.35%
DSCR
5.62
Strong
Cash-on-Cash
91.37%
Monthly Payment
$1,186.894
Annual Cash Flow
$65,757.268
