50BR Home in Wakeeney , KS

About This Property

𝐋𝐞𝐚𝐬𝐞 𝐎𝐩𝐭𝐢𝐨𝐧 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 - 𝟓𝟎 𝐔𝐧𝐢𝐭 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭 𝐌𝐨𝐭𝐞𝐥 Redeemed Capital Group is proud to present a great creative finance opportunity on I-70, which is a major interstate Hwy that connects Kansas City, Topeka, and Denver. This is a 50 unit fully operational motel PLUS highly rated restaurant near Hays, KS. The roof was installed in 2019. The sellers recently did renovations the property but are also dealing with health issues so they have decided to sell. This property sets right on the interstate and has high interstate visibility and a tall sign. This would make a great value add opportunity for an operator or someone who does extended stay or multifamily / apartment complex conversions. Prior to COVID, the property grossed approximately $300 annually. I do have statistics from surrounding motels showing possible revenues that this property is capable of producing. The financials for this property are a bit rocky due to health and management issues. This is an assignment of contract

Features & Highlights