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Motel And Apartment In Northern Minnesota For Sale

Northern Minnesota, Minnesota
Asking Price:
$590,000 Furniture / Fixtures included
Sales Revenue:
$222,000
Cash Flow:
$110,000

17 unit motel with 4 bedroom owners living quarters and two bedroom house in the beautiful BWCA tourism town of Ely, Minnesota. House is rented nighly in summer and has regular tenant Oct 1 to May 1. Solar domestic hot water and heat system plus new boiler. Units well maintained with several rooms recently renovated. Good cash flow to owner/operator with housing included.

Property information

Real Estate:

Real Property Included

Living Accommodation:

4 bedroom owners living quarters

Premises Details:

12000 SF

Size in square feet:
Lot Size 95 x 125

Business Operation

Reasons for selling:

Other interests

Trading hours:

7 am to 10 pm 7 days a week

Employees:
4 PT
Years established:
196

Other Information

Furniture / Fixtures value:
$75,000 - included in the asking price

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