MoJo's Inn 625 E 1st St
13 Room Hotel Akron, CO 80720 $530,000 ($40,769/Room) 9.43% Cap Rate
Executive Summary
Great investment opportunity to own a well established motel in Akron, Colorado with Hwy 34 Frontage! This motel was built in 1959 with a brick exterior and consists of 13 rooms (9 Doubles and 4 Singles) including a singles ADA compliant room. There is a 1-bedroom private manager's/owner's residence with a full kitchen, living room, full bathroom and laundry area. The "Mess Hall" with kitchen can be rented out for meetings/events for additional revenue. 2 Water Taps! Guest laundry facility and separate housekeeping/laundry area. Ice machine on site. This motel has been well taken care of over the years and is ready for a new owner.
Property Facts
Price | $530,000 |
Price Per Room | $40,769 |
Sale Type | Investment |
Cap Rate | 9.43% |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.18 AC |
Building Size | 5,916 SF |
No. Rooms | 13 |
No. Stories | 1 |
Year Built | 1959 |
Parking Ratio | 3.38/1,000 SF |
Corridor | Exterior |
Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 13 | $77.00 | - |
PROPERTY TAXES
Parcel Number | 92033001001 | Improvements Assessment | $317,590 |
Land Assessment | $31,192 | Total Assessment | $348,782 |