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Opportunity Zone
Western Motor Inn
Hospitality | 17.92% CAP | 39 Keys
Listing Contacts
License: Lic. #401504
Active
Asking Price: $990,000
Earnest Money Deposit: $10,000 min.
Address
2222 Rose Ave, Burlington, CO 80807
Show on MapDate Added
Sep 10, 2022
Days on Market
926 days
Time Since Last Update
40 days
Details
Property TypeHospitality
SubtypeMotel
Square Footage11,600
Cap Rate17.92%
NOI$177,448
Keys39
Year Built1970
Year Renovated2022
Stories2
Lot Size (acres)1.25
APN33079004
OwnershipFee Simple
Marketing Description
Located at 2222 Rose Ave, Burlington, it presents an incredible opportunity for the right investors with providing strong existing cash flow. The motel was recently renovated saving substantial cost for new ownership and is presently operating and offering nightly, weekly, and short term stay options. Situated in a prime location off a main Interstate Highway 70, the property enjoys both high visibility and accessibility.
Investment Highlights
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Renovated in 2022 (Wood Floor)
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Conveniently located right off I70 Highway Exit
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Prime Location next to Newly Opened Safeway Store
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Manager's Living Quarter (1 Bed/1 Bath)
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,448.00
$14,787.33/mo
Valuation Metrics
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0
DSCR
17.92%
Cap Rate
17.92%
ROI
Property History
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Due Diligence
Listing Contacts
- License: Lic. #401504
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