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.
Would you like more information regarding this property?
Please call (608) 847-6020.
Data Provided by:
South Central Wisconsin MLS Corporation