Leisure Real Estate Blog

Price Reduction – Harper Motel in southern Kansas

Friday, January 23 2015 8:43 AM
Categorized In Property Updates

Leisure Real Estate Advisors, LLC announces a price reduction for the Harper Motel in Harper, KS.  This 22 key property, located just 40 minutes southwest of Wichita, is a perfect fit for a first time buyer.

Key selling points for this motel include:

  • Increasing revenue in both 2013 & 2014 ($237,000 in 2014)
  • Strong NOI of $90,000
  • Price Reduced to $495,000 - Only 2.1x 2014 RR!
  • Broad mix of business
  • Completed appraisal
  • Local bank willing to finance
  • Closing within 45 days
  • Quiet, safe community with excellent school system
  • Only 40 minutes from Wichita Airport
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