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Motel 10 (ID: 14953)
Motels | Winslow , Arizona, United States |
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| Price: |
USD 775,000 |
| Status: |
Expired |
| Rooms: |
32 |
| Year Built: |
1968 |
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Property Highlights |
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Newly Renovated |
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Rising Room Revenue |
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Price to Sell |
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Perfect for 1st Time Owner or Owner/Operator |
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Located on Route 66 |
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Low Down Payment |
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Property Description |
The Motel 10 in Winslow, Arizona, is an economy property with a convenient location near downtown on old Route 66, not far from Interstate 40 and State Highway 87. It is near all major businesses and activities in the area. Guests of the property enjoy newly renovated rooms with clean accommodations, and close proximity to dining and shopping in the city of Winslow. Since October of 2006, Motel 10 has undergone a major renovation (over $100K) including exterior and interior painting, upgraded plumbing, new water heater, new carpet (upstairs), new televisions (upstairs), newer queen mattress sets (upstairs), new hard goods and soft goods. All renovations are not complete but are scheduled to be completed within the next few weeks. Included in the sale are approximately 1.5 acres of fee simple land, 30 guest rooms, 1 studio, 1 efficiency apartment and Manager's living quarters with a patio. The Motel 10's gross income in years past was very good, but due to a poor on-site manager, the property in 2005 & 2006 had a decline. Towards the end of 2006 and early 2007 the property has seen a steady increase of 120% from the year prior.
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