Bought with Burke Steven • Burke Real Estate
$380,000
$390,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7,745 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $380,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,745 sqft
Price per Sqft $49
MLS Listing ID 20244361
Sold Date 12/23/24
Year Built 1958
Annual Tax Amount $6,312
Lot Size 1.190 Acres
Acres 1.19
Lot Dimensions 1.19 Acres
Property Sub-Type Multi-Family 5+
Property Description
The Cresco Motel is conveniently located along State Hwy 9 near restaurants, a coffee shop, 24-hour convenience store, dollar store and liquor/ gifts. The surrounding neighborhood consists of well-kept residential homes and a great public school system. This 20-room property has a fully furnished 2-bedroom manager apartment, laundry room with 2 washers and dryers, garage and storage container. The large parking lot offers plenty of room for guests while being able to accommodate RVs and large trucks. The roof was replaced in 2017. All furniture, fixtures, cameras and supplies will stay with this turnkey business. Cresco is known as "Iowa's Year 'Round Playground" because of the variety of recreational activities available to our visitors and residents. Cresco also offers a strong economy with many long-term businesses and employment opportunities. Great investment opportunity and the current owners pride shows in this well-maintained motel.
Location
State IA
County Howard
Zoning C-1
Rooms
Basement Concrete
Interior
Heating Radiant, Steam
Cooling Wall Unit(s)
Fireplace N
Laundry Laundry Room
Exterior
Parking Features Gravel, Detached
Utilities Available Cable in Rent, Electric in Rent, Garbage in Rent, Water in Rent
View Y/N true
Roof Type Asphalt
Building
Lot Description Level
Sewer City Sewer
Water City
Structure Type Block
Schools
Elementary Schools Cresco
Middle Schools Cresco
High Schools Cresco
Others
Acceptable Financing NBR20244361
Listing Terms NBR20244361
Special Listing Condition Normal Sale
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Brokerage | License ID: 42732