Sloan's Motel | 1901 Rose Ave
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Sloan's Motel 1901 Rose Ave
29 Room Hotel Burlington, CO 80807 $799,000 ($27,552/Room) 14.17% Cap Rate
Investment Highlights
- Directly off of I-70 near the Colorado/Kansas Border
- Capital Improvements included in next page - individual room improvements available upon request
- Short Term and Long Term rental options for tenants - new owner can structure leases however they would like
- Recently Renovated - over $300k in capital improvements
- Multiple room and apartments types - Standard, King Bed, Kitchenette, and Apartment.
- High Speed Fiber Internet and Dish Network in place
Executive Summary
Operating Motel W/Short & Long Term Tenants. Perfect for short term tenants such as hunters, truckers, contractors, oil and gas, etc. as well as long term tenants in the area. Multiple room and apartments types - Standard, King Bed, Kitchenette, and Apartment. Short Term and Long Term rental options for tenants - new owner can structure leases however they would like. High Speed Fiber Internet and Dish Network in place. Manager open to staying on board to run the day-to-day operations. All of the heavy lifting has been done!
Property Facts
| Price | $799,000 | Building Size | 7,329 SF |
| Price Per Room | $27,552 | No. Rooms | 29 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 14.17% | Year Built/Renovated | 1960/2016 |
| Property Type | Hospitality | Parking Ratio | 3.55/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.72 AC |
| Price | $799,000 |
| Price Per Room | $27,552 |
| Sale Type | Investment |
| Cap Rate | 14.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 7,329 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2016 |
| Parking Ratio | 3.55/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 29 | $40.00 | - |
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zoning
| Zoning Code | C1 |
| C1 |
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Sloan's Motel | 1901 Rose Ave
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