January 23, 2015 8:43 am
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