$110,000
$118,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
0.84 Acres Lot
SOLD DATE : 08/28/2024
Key Details
Sold Price $110,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Bowie
MLS Listing ID 6613573
Sold Date 08/28/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1950
Annual Tax Amount $892
Tax Year 2023
Lot Size 0.835 Acres
Acres 0.84
Lot Dimensions 140' x 260'
Property Description
This 11-unit motel is the perfect opportunity for a savvy investor or entrepreneur. Located in a high-traffic area with a huge need for Monthly Rentals in the agricultural sector. The motel has the potential to generate significant income once it has been renovated and reopened. Various room sizes and Configurations. Each unit has a 3/4 bath. Main 2 bedroom home/ office has Full bath w/ tub, kitchen and fireplace. Other features: communal laundry and kitchen space, Outdoor Fireplace & Ramada, Small Storage building in back, 7 RV spots (2 of which have sewer dumps). Two new septic tanks were installed in 2018 at a cost of $16,000. Could be Converted into / used as a Multi-Family Unit Complex. The previous owner was collecting $5,000 gross monthly before having to shut down. With a little TLC, this motel could be a gold mine.
Location
State AZ
County Cochise
Community Bowie
Zoning GB
Direction East on I-10, Take exit 362 toward Bowie, go over the overpass and then Straight on the Frontage Rd/ Business loop for 1.5 miles. At the corner of S Lincoln Ave. Sign on Property.
Interior
Heating See Remarks, 2 or More Units, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl, Concrete
Exterior
Garage Private Parking
Fence Chain Link
Waterfront No
Roof Type Tile
Total Parking Spaces 8
Building
Sewer Septic Tank
Water City Franchise
New Construction Yes
Others
Senior Community No
Tax ID 302-14-069
Financing Cash
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Bought with Mesquite Ranch Realty Inc.
7326 E Evans Drive, Scottsdale, AZ,, 85260, United States