$380,000
( )
 $2,040 est/mo Sourced by Back At You

22980 Drive 141st , Bouton, IA 50039

Bouton, IA 50039

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Description

This 15-unit motel is perfectly positioned at the high-traffic intersection of Highway 141 and 169, just east of Perry and with quick access to the Des Moines metro. With a consisten rental history, this property offers incredible potential for use in its current capacity or redevelopment. Whether you're considering converting the space into apartments, transforming it into an Airbnb resort, or continuing to operate it as a motel, the possibilities are endless.The front of the property includes a welcoming lobby, a manager's suite, and a former conference area that's ready for renovation. These spaces offer great flexibility for adding amenities or expanding the current use. Additionally, there are 7 storage units on-site, perfect for long-term tenant storage or generating extra income. The property just got a new roof installed earlier this year and has unique concrete wall construction making it a very durable structure. Many of the rooms have had beds, bedding, headboards, and furniture replaced in the last two years. The PTAC units are all in good shape as well. Many contracting firms have been renting room blocks or the whole facility for extended periods along with 5 longer term tenants. With its ideal location and versatile layout, this property is a prime opportunity for investors looking to maximize returns.

Details

MLS#65705
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1966
Days On Site18
Listing Provided ByRE/MAX REAL ESTATE CENTER | Betts Team

Features

SQ Feet9,858
Units15
Acreage1.36
The information is being provided by Central Iowa MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Central Iowa MLS. All Rights Reserved.

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Listings Checked: 1 hour ago
StateIA
CountyDallas
CityBouton
Zip Code50039
AreaBouton
Listing VS Median (in 50039)
Price:
$380,000
low | high
Med:
$380,000
50% of Average
SqFt:
9,858
low | high
Med:
9,858
50% of Average
$ / SqFt:
$39
low | high
Med:
$39
50% of Average
On Site:
18
low | high
Med:
18.000000
100% of Average
Sourced by Back At You
Listing Updated: September 27, 2024 at 7:33:18 PM PDT