26 unit motel with 4 RV Hook on 2.3 acres ups on the outskirts of Neodesha right outside the city limits in Wilson County and in front of the municipal airport . Breaker box short in the laundry room. Only the Laundry room was damaged from the fire as it was out pretty quick. We have had contractors bid out the job and it came in around $45-50k to hook up new electrical box 2 water heaters, and clean up the laundry room and the area surrounding it. All the rooms are very clean and come equipped with everything you need to run the motel. New plumbing throughout. All TV Equipment for the whole motel conveys with sale. METAL ROOF so maintenance free there. It sits right in front of the Neodesha Airport and on busy IH 75. I have the P&L from the previous owner if you would like to see.
You can buy a rental house for 100k or you can buy this...
WILL CARRY NOTE-50 PERCENT DOWN 1 year note.
KEEP IT AS A MOTEL OR CASH FLOW IT AS A 1 Bed / 1 Bath Apartment Complex.
• The motel sits on approx 1.3ac lot, with an additional 1+/- ac lot conveying.
• Includes 11 single rooms, 15 doubles and four RV pads (with water and power connections)
• Motel furnishings and equipment are included in the sale. The Inn was operational and running at high occupancy.
• Adjacent to airport.
Property is free and clear ready to be deeded to new owner.
$50k down will get you in the door!