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501 Water St, Genoa, WI 54632

$229,900
Commercial Property MLS# 1792958 ID: 42819489
$229,900 Get Rates

Motel/Hotel/Bed & Brkfst - Genoa, WI
Turn-Key Hotel located on the state Snowmobile Trail and across the road from a Boat Launch to the Mississippi River. There are a nice variety of basic rooms and suites with kitchens and even a coin operated laundry room. You could keep one suite for living quarters for an owner or manager. The net income supports a 15% Cap Rate. There is a restaurant right next door and a nice village park across the street. This may not be the most modern hotel but it is certainly a very successful one. Rates are also on the low side, so the potential for an immediate increase in gross income is very good.

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Location Information near 501 Water St
Offered by Paul Merk at Castle Rock Realty LLC

Would you like more information regarding this property?
Please call (608) 847-6020.

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Property Features for 501 Water St
Status
Market Status
Available
Last Updated
October 16, 2017
Description
Property Type
Commercial Property
Year Built
1950
Stories
2.0

Building Features

  • Roof: Composition Shingle
  • Stories: 2.0

Exterior Features

  • Exterior Construction: Wood
  • Parking: Paved or Surfaced

Legal/Financial

  • Taxes: 3041 (2015)

Listing Features

  • Property Type: Commercial; Motel/Hotel/Bed & Brkfst
  • Paul Merk
  • Castle Rock Realty LLC

Data Provided by:
South Central Wisconsin MLS Corporation

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More information about this $229,900 Commercial Property at 501 Water St

This $229,900 Commercial Property at 501 Water St in Genoa, WI is presented by Paul Merk. This $229,900 Commercial Property, located in the 54632 zip code, has the following property features: Stories, Property Type, Roof, Parking. This 501 Water St Commercial Property, located in Vernon County , is listed under MLS listing number 1792958 and has a listing price of $229,900. You can find more GENOA homes for sale here.