Income is over $82,000.00 per month and heading for more than $1,008,000.00 per year. There are 120 rooms rented and growing. Friday & Saturday we are 100% occupied. There are over 200,000 people within 5 miles and it's rented weekly as extended stay. The signs show a low price which comes out to $35 per night for 1 person. We also offer $175 per week on extended stay, that totals $700 per month per room, multiply that times 140 rooms X 12 months =$1,176,000. income. Building was poorly run from a previous owner so records prior to June of 2011 are scarce but we are now at 80% occupancy. The seller will provide training and $100,000 cash back at the close of escrow to complete any projects the buyer would like. Indianapolis is the 2nd largest city in the entire midwest. Hotel is visable from the main freeway and next to the off ramp. Marked down from $3.6 million this is a new low price. The 3 buildings are connected by a breezeway. Most rooms have a microwave & refrigerator. There is wifi, coin operated washers & dryers, ice machine, Newer roof and Large managers unit. Please feel free to visit the property and talk to the manager, then call me. I am not a realtor, I am the actual owner. Hayden Hamilton 602-413-8877.
N. Shadeland Avenue exit at the I-70 Freeway - Located just West of the corner of 21st St & Shadeland Ave.