Listed by NAI Sioux Falls
$1,395,000
America's Best Value Inn
Details
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Hotel
Square Footage 19,800
Keys 51
NOI $623,397
Occupancy 38.16%
Price per SqFt $70
Year Built 1989
Acreage 1.610
Zoning Commercial
Parking Spaces 51 spaces
Parking Per SqFt 2.58
Investment Type Owner/User
2326 U.S. 53, International Falls, MN 56649
Investment highlights
- International Falls population: ~5,000
- Located on the U.S. – Canada border
- Outdoor tourism from Voyageurs National Park
- Rainy Lake draws fishing, boating, and winter ice fishing
- No PIP required; 3 years remaining on franchise agreement
- Lot Size 1.61 acres (70,131 sq. ft.)
Listing Contacts
Listed by NAI Sioux Falls
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$623,397.00
$51,949.75/mo
Valuation Metrics
0
DSCR
44.69%
Cap Rate
44.69%
ROI
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