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Listing ID: 202103556
Price: $450,000
Status: Active
Address: 1320 W Madison St
City: Washington
State: Iowa
Postal Code: 52353
SqFt: 8,208
Acres: 2.260
County: Washington
Washington
IA
52353
22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.

Basic Features

Listing Price: $450,000
Address: 1320 W Madison St
City: Washington
State: Iowa
Postal Code: 52353
County: Washington
Zoning: B2
Area: Washington Area
Year Built: 1959
Location: Corner Lot
Business: Hotel/Motel
Square Feet: 5, 000-10, 000 SqFt
Acres: 2.260
Lot Size: 2-5 Acres
Sale/Lease: For Sale
Rent/Lease: neither
Type of Lease: N/A
Rent/Lease Price: $450,000
Days on Market: 159
Status: Active
Documents: Aerial Photo,P&amp, L Avail
Possession: Negotiable
Possible Financing: Cash, Conventional

Additional Features

Associated Document Count: 2
CI Features: Display Window, Other
Construction Company: Frame
Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Cooling: Central A/C, Window Unit
Heating: Electric, Gas, Other, Forced Air
Floor Type: Carpet, Ceramic Tile, Vinyl/Vinyl Tile
Gross Tax (County & City): 12274
Lot Dimensions: Irregular
Property Sub Type: Commercial
Roof Type: Composition
Special Features: Other
Tax ID: 1118302001
Tax Year Report: 2020
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info


© 2021 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS

Contact - Listing ID 202103556

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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