Listed by Keller Williams Realty Elevate
$3,500,000
3031 S Rangeline Road
Details
APN 20-4.0-18-000-000-040.000
Property Type Multifamily, Hospitality
Sub Type Motel, Commercial
Square Footage 31,868
Units 126
Beds 111
Cap Rate 8.8%
NOI $308,165
Tenancy Multi
Rent Bumps No
Price per SqFt $110
Class D
Year Built 1983
Buildings 1
Stories 2
Acreage 2.200
Zoning C-3
Parking Spaces 126 spaces
Parking Per SqFt 3.95
Investment Type Value Add
Ceiling Height 8 Ft Clear
111 Room Motel
Marketing description
This is an opportunity to own over 2 acres of prime real estate in Joplin. This property is currently operated at the Super 7 Inn. Property is near the intersection of Range Line Rd and 32nd Street. Not far from the I-44 ramps. Traffic count is over 20,000 cars/day. Property being sold with the motel business.
Investment highlights
Over 2 acres directly on Range Line Rd
This property is currently operated as the Super 7 Inn and features 111 rooms.
Property is near the intersection of Range Line Rd and 32nd Street, not far from the I-44 ramps.
Traffic count is over 20,000 cars per day.
Property is being sold with the motel business.
8% CAP
Listing Contacts
Listed by Keller Williams Realty Elevate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$308,164.94
$25,680.41/mo
Valuation Metrics
0
DSCR
8.8%
Cap Rate
8.8%
ROI
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