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.

  • MLS# 1902688
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1958
  • Days On Site 109
Story(s) 1
Zoning Comm
Listing Provided By:
Ashok Parikh  of  SKOGMAN REALTY COMMERCIAL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $365,000
0.00%
$365,000 in 52136
this listing 109 on site
0.00%
109 on site in 52136

Location

State IA
County Howard
City Cresco
Zip Code 52136
Area Howard

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