Owner Financing! Clean exterior corridor 52 room Independent Motel near London, Kentucky. Former Best Western motel. On busy interstate. No outstanding PIP. Built in 2002. Low Low Property taxes: $17K/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 $350,000 down for 36-month term w/extensions if needed. Take over operations in 2 - 3 weeks. Great NOI. No Bank applications or headaches. Simply take over mortgage payments. Super deal for anyone wanting to leverage their investment with nothing but upside.
Asking Price $1,700,000
Sales Between $500,000 and $1,000,000
Profit Between $100,000 and $500,000
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