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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28280131
28280152

157 S Edwards St, Independence, CA 93526

MGR Real Estate
Listed by MGR Real Estate
$850,000
200 days on market
Updated 79 days ago

Courthouse Motel

Details
APN 002-046-12-00
Property Type Hospitality
Sub Type Motel
Square Footage 5,050
Keys 10
Cap Rate 14.12%
NOI $120,000
Price per SqFt $168
Broker Co-Op Yes
Year Built 1942
Buildings 3
Lot Size (SqFt) 13,717
Zoning CH
Parking Spaces 13 spaces
Parking Per SqFt 2.57
Investment Type Owner/User
Ground Lease No

Excellent cash flow opportunity for owner operators, semi retired couple.

Marketing description

Small boutique motel with ease of operation on a corner lot.

Excellent visibility on Hwy 395 across from landmark Courthouse (Inyo County)

Ten (10) rentable rooms plus 1 bedroom 1 bath owner’s quarters plus designated laundry room.

The property has a detached Single Family Home (needs rehab, price factored in.)

Functional backyard with storage container and gated access to the alley.

Owner operators opportunity.

Investment highlights

Owner Operator opportunity.

Desirable nature loving clientele.

High demand location for hiking, fishing and multiple outdoor activities.

En route stopover for Travellers to Death Valley onward to Las Vegas south bound and to Mammoth Lakes, Yosemite north bound. Attracting both domestic and international Travellers.

In the heart of Eastern Sierras, a year around play ground for nature enthusiasts.

Listing Contacts

MGR Real Estate
Listed by MGR Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
14.12%
Cap Rate
14.12%
ROI

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