Remarks

Lake Powell Lodging is an extended-stay business model offering unparalleled investment potential. The property features two separate buildings, each comprising thirteen units measuring 12ft by 13ft, for a total of 26 individual units. Each unit is equipped with a wall-mounted A/C unit, microwave, mini-fridge, TV, dresser, chair, table, and a full or queen bed. This is NOT an apartment complex but an extended-stay lodging facility operating under In-Keeper Law. Please inquire for more details regarding income, operations, etc. The property boasts an impressive occupancy rate ranging from 80% to 98%, ensuring a steady and reliable income stream. Each building is well-appointed with essential amenities, including a coin-operated washer, dryer, and soda machine. A 55-gallon water heater is shared between every two rooms. Security is a priority with a comprehensive camera system in place, while South Central Communications provides reliable internet service, and the property is wired for Direct TV. The property also includes a Conex container in the NW corner, offering ample storage space. A dumpster, serviced weekly, is located in the NE corner of the property as well.

Details

MLS#: 1606158
Price: $1,150,000

Style: Commercial
Bedrooms: 26
Baths Full: 0
Baths Half: 0
Sq Ft: 7840
Year Built: 1988

County: Coconino
Subdivision: HAUL RD
Tax Fee: 5453