$365,000

620 2nd Avenue SE

Cresco IA, 52136

Description

Beautiful well maintained twenty rooms Cresco motel located on NE side of Iowa on Iowa Highway 9 in town of Cresco, IA. Current owner has been owning for last ten years and decide to retire. Wood exterior of building is well maintained and recently new cement side was added. Room revenue is consistence for last several years and potential to increase the room revenue for an aggressive new family operated owner. Modern living quarters has four bedrooms with one and a half bath equipped with kitchen. Cresco motel is well priced at $380,000, 2.4 times the room revenue with attractive cash flow. Current bank is willing to finance to a new qualified owner.

Details

MLS#1902688
StyleIndustrial
Sub-TypeResale
StatusActive
Year1958
Days On Site109

Features

Story(s)1
ZoningComm

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Area Information

StateIA
CountyHoward
CityCresco
Zip Code52136
AreaHoward
Listing VS Median (in 52136)
Price:
$365,000
low | high
Med:
$365,000
50% of Average
On Site:
109
low | high
Med:
109
100% of Average
Listing Updated: 09/19/2019
MLS Number: 1902688
Listing Provided By:
Ashok Parikh  of  SKOGMAN REALTY COMMERCIAL
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