Details - Information last confirmed on December 10, 2020
Owner Financing! Clean exterior corridor 56 room Independent Motel near London, Kentucky. Former Best Western motel. On busy interstate. No outstanding PIP. Built in 2002. Low Low Property taxes: $15K/Year. Very steady revenues year after year.Great demand generators. Operate as an on-site owner or absentee owner. Staff can remain. Owner will finance with minimum of $400,000 down for 60-month term w/extensions if needed. Take over operations in 2 - 3 weeks. Great NOI. No Bank applications or headaches. Simply take over low mortgage payments. Super deal for anyone wanting to leverage their investment with nothing but upside. Bonus: Owner will give purchaser top condition furniture and flat screen TV's from 9 year old 64 room Holiday Inn Express hotel.
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