White Pines Hotel 1301 Aultman St
29 Room Hotel Ely, NV 89301 $1,369,000 ($47,207/Room) 19.06% Cap Rate
INVESTMENT HIGHLIGHTS
- This motel is located at the center of the city, restaurants, casinos and park are walking distance from the motel.
EXECUTIVE SUMMARY
It has a high cap rate and is located in downtown Ely: 29 rooms plus a One-bedroom apartment attached to the office for the managers.
This motel is all electric, and all rooms have a flat TV, microwave, refrigerator, air conditioning, and heater. The motel offers free Wi-Fi, HBO, and free parking. It is located in the center of the city, and casinos and restaurants are nearby.
Ely is located between Las Vegas and Salt Lake City, Utah. Major copper and gold mines are nearby. Great Basin National Park, fishing, hunting, and Cave Lake are nearby. We also own White Pine Mobile Home Park, which is for sale. It is 2.4 acres, one city block, and has 10 mobile homes, all of which are rented. The park has 30 spaces, and it is near the motel. Please call for information.
This motel is all electric, and all rooms have a flat TV, microwave, refrigerator, air conditioning, and heater. The motel offers free Wi-Fi, HBO, and free parking. It is located in the center of the city, and casinos and restaurants are nearby.
Ely is located between Las Vegas and Salt Lake City, Utah. Major copper and gold mines are nearby. Great Basin National Park, fishing, hunting, and Cave Lake are nearby. We also own White Pine Mobile Home Park, which is for sale. It is 2.4 acres, one city block, and has 10 mobile homes, all of which are rented. The park has 30 spaces, and it is near the motel. Please call for information.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,369,000 |
| Price Per Room | $47,207 |
| Sale Type | Investment |
| Cap Rate | 19.06% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,316 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2017 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Balcony
- Business Center
- High Speed Internet Access
- Patio
- Convention Hotel
- Public Access Wifi
- On-Site Security Staff
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 29 | $60.00 | - |
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PROPERTY TAXES
| Parcel Number | 001-218-03 | Total Assessment | $109,564 (2024) |
| Land Assessment | $19,216 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $90,348 (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | Hospitality (COMMERCIAL, Motel) |
CONTACT
-
Mark Moattar - Mark Moattar
