24936 Mulberry Ln, Underwood, IA 51576

CBRE is pleased to present the opportunity to acquire the Underwood Motel on Mulberry, a 21-unit motel in Underwood, Iowa. The property consists of a one-story building with two-story manager apartment and office adjacent to Interstate 80.

INVESTMENT HIGHLIGHTS

21-room motel

Excellent owner/operator opportunity

Convenient location off I-80, within 10 miles to Council Bluffs and the Omaha, Nebraska metropolitan area

Demand generators include I-80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues and Henry Doorly Zoo

Only one of two hotel or motels within 13 miles

Well below replacement cost

Recent capital improvements and renovations

See agent for financials and other information

EXECUTIVE SUMMARY

THE PROPERTY

$550,000 offering price

21 total number of rooms

ONE number of buildings

7,752 SF / 1.26 AC

Location Highlights

› Adjacent to Exit 17 off I-80

› Next to Underwood I-80 Truck Stop

› Only one of two motels or hotel within 13 miles

› Within walking distance to the Jack Links Beef Jerky Plant and the town of Underwood

Amenities

› 21 rooms with two-story manager apartment and leasing office

› Refrigerators and microwaves in all rooms

› Complimentary Wi-Fi and cable TV in all rooms

› On-premise laundry facility