$900,000
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0.31 Acres Lot
SOLD DATE : 08/03/2022
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Subdivision Meadowlark Meadows S
MLS Listing ID 1820525
Sold Date 08/03/22
Construction Status Blt./Standing
HOA Y/N No
Year Built 1994
Annual Tax Amount $2,780
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Hotel/Motel
Property Description
This is a once-in-a-lifetime deal! It is currently permitted and operating as a short-term rental (vacation rental) with a mid-term booking all the way through August at $12,400 a month. Everything needed to rent this property is included. At $900k this is a 10.7% cap rate turn-key investment. Recently remodeled, there are no improvements that have to be made to make this property a cash flow machine. You won't find a better deal on the MLS. This is a one-story living that would work great for converting it into a group home or senior living facility with very little effort if desired. Every bedroom has a 3/4 bath and one bedroom is a full studio apartment (with a full kitchen) that can be used for management, office, or just a higher value rental. Could also easily convert the studio into a 3 bedroom apartment and rent the property as a permit-able duplex. Please don't disturb the guests at the property. No showings until after an accepted offer. Proof of funds necessary on all offers. Please see attached documents for P&L. The selling agent is related to the seller. Square footage is based on county records. Buyer to verify all information. A recent residential appraisal came in at $875,000. A two-year-old commercial appraisal came in at $1.2 Million. Current use qualifies it for commercial use. Virtual Walk-Through: https://my.matterport.com/show/?m=uspQZGi2J1x
Location
State UT
County Weber
Area Ogdn; Farrw; Hrsvl; Pln Cty.
Interior
Fireplace false
Exterior
View Y/N No
Present Use Commercial
Private Pool false
Building
Faces North
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 11-195-0020
Ownership Agent Owned
Horse Property No
Financing Cash
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