TITLE:
Coyote West Motel
CONTROL:
Exclusive
VALUE:
$2,500,000
LOAN:
$2,200,000
EQUITY:
$300,000
TYPE:
Hotel/Motel
HAVE:
30 unit motel
24 units in one building
6 airbnb units
ADDRESS:
5312 CO-119, Black Hawk, Colorado
BENEFITS TO NEW OWNER:
cash flowing asset
OTHER FILES:
GROSS SCHEDULED INCOME:
$375,550 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$375,550
EXPENSES:
$131,394
NOI:
$244,156
DEBT SERVICE:
$150,000
CASH FLOW:
$94,156
CAP RATE:
9.77%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$2
$12,500
7%
01/20/2027
No
BENEFITS SOUGHT:
My client would purchase outdoor storage in the front range of Colorado or a passive investments in the West Denver area. Really likes Lakewood.
CAN ADD:
Woodland Park Motel
El Colorado
REMARKS:
Financials reflected on this package are from Jan 24 - Nov 2024.
COUNSELOR:
Kayla Mahoney
Engel Voelkers
1041 S Gaylord St,
Denver, Colorado, 80209
