Listed by Berkshire Hathaway HomeServices Advantage Realty Payson
$2,500,000
Knights Inn Payson
Details
APN 304-17-117A
Property Type Hospitality
Sub Type Motel
Square Footage 14,892
Keys 39
Cap Rate 6.87%
NOI $171,800
Pro-Forma Cap Rate 8.49%
Price per SqFt $168
Broker Co-Op Yes
Year Built 1983
Year Renovated 2021
Buildings 1
Stories 2
Acreage 1.580
Zoning R3
Parking Spaces 42 spaces
Parking Per SqFt 2.82
Ownership Fee Simple
Payson AZ Great Motel near the Casino
Marketing description
This 39 room motel is located at the entrance into the heart of Payson, Arizona's beautiful Rim Country. Refurbished and spacious rooms on this well cared for property with 1.58 acres of land. One bedroom apartment for owner/manager, positioned right on the Beeline Highway, the main thoroughfare through Payson. Walking distance to Mazatzal Casino and near downtown Payson. Ample parking and great potential for this fine property. All refurbished and remodeled inside and out is 2020-2021.
Investment highlights
- Total Rooms 39
- Price Per Key $64,102
Listing Contacts
Listed by Berkshire Hathaway HomeServices Advantage Realty Payson
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,800.00
$14,316.67/mo
Valuation Metrics
0
DSCR
6.87%
Cap Rate
6.87%
ROI
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