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Property profile & analytics
OFF-MARKET
Hotels

610 7th St Atlantic, IA 50022-1430

4,931 SF 0.16 ac lot Built 1931
Individually Owned 18-yr Hold Free & Clear
Property ID
US25-0670053
Property summary
AI-generated overview

This exceptional commercial property located at 610 W 7th Street in Atlantic, Iowa, presents a unique investment opportunity. Priced at $205,000, this turnkey business boasts twelve individual units, each equipped with a television, refrigerator, and microwave. Four of the units feature two rooms and a private bathroom, while the remaining units are furnished with either a queen-size bed or two double beds. The property's convenience is further enhanced by its prime highway location and ample on-site parking. Adding to its appeal is a dedicated on-site apartment for the owner/manager, complete with one bedroom, two bathrooms, a living room, and a kitchenette. This provides a comfortable living space while overseeing the business operations. The property is categorized as general commercial and sits on a lot with zero acres. This is an ideal opportunity for an entrepreneur seeking a ready-to-operate business with immediate income potential and convenient on-site living accommodations. The existing infrastructure and amenities minimize the initial investment required to commence operations, making this a highly attractive proposition for those seeking a profitable venture. The property's location and existing tenant base offer a strong foundation for continued success. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1931
Construction FRAME
Total area 4,931 SF
Lot 0.16 ac (7,000 SF)
APN 300005092001000
UPID US25-0670053
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
David T Ford · 18 yrs held
David T Ford
since 2007
1 recorded transaction
2007
$50,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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