Mar 28, 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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