$118,000
Bowie, AZ 85605
MLS# 6613573
1 / 46
Property Description
This 11-unit motel is the perfect opportunity for a savvy investor or entrepreneur. Located in a high-traffic area with a huge need for Monthly Rentals in the agricultural sector. The motel has the potential to generate significant income once it has been renovated and reopened. Various room sizes and Configurations. Each unit has a 3/4 bath. Main 2 bedroom home/ office has Full bath w/ tub, kitchen and fireplace. Other features: communal laundry and kitchen space, Outdoor Fireplace & Ramada, Small Storage building in back, 7 RV spots (2 of which have sewer dumps). Two new septic tanks were installed in 2018 at a cost of $16,000. Could be Converted into / used as a Multi-Family Unit Complex.
Details
Maps
Contract Info
Current Price: $118,000
List Price: $118,000
Status: Active
List Date: 2023-10-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 318
Compass: W
Street Name: BUSINESS
St Suffix: Loop
City/Town Code: Bowie
State/Province: AZ
Zip Code: 85605
Country: USA
County Code: Cochise
Legal Description (Abbrev): LOTS 15 THRU 24 INC N 10 FT OF LOT 14 BLOCK 12 BOWIE
Subdivision: BOWIE
Assessor's Map #: 14
Assessor's Parcel #: 69
Add'l Parcels: No
Assessor Number: 302-14-069
Census Tract: 100
Legal: LOTS 15 THRU 24 INC N 10 FT OF LOT 14 BLOCK 12 BOWIE
Tax Municipality: Cochise - COUNTY
Taxes: 892.62
Tax Year: 2023
General Property Description
Type of Property: Motel / Hotel / Multi-Family
Ttl Apx SqFt Bldg: 3898
# of Buildings: 6
Lot Size Dimensions: 140' x 260'
Year Built: 1950
Zoning: GB
Flood Zone: No
Remarks & Misc
Cross Street: N Lincoln Ave and W Business Loop
Directions: East on I-10, Take exit 362 toward Bowie, go over the overpass and then Straight on the Frontage Rd/ Business loop for 1.5 miles. At the corner of S Lincoln Ave. Sign on Property.
Geo Lat: 32.327426
Geo Lon: -109.490037
Status Change Info
Status Change Date: 2023-10-04
Legal Info
Township: 13
Range: 28
Section: 04
Lot Number: 15
Income & Expenses
Owner Association: No
Operating Exp: 892.62
Pmt & Rate Info
Equity: 140000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Other (See Remarks)
Current Use: Other; See Remarks
Stories: 1 Story
Construction: Brick
Roofing: Tile
Floors: Concrete; Vinyl; Carpet
Ceiling Height: 8 Feet or Less
Heating: Natural Gas; 2 or More Units; See Remarks
Cooling: Window/Wall Unit
Loading Facilities: None
Interior: Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping; Monument Sign
Fencing: Chain Link
Parking: Private Parking
Electric: SSVEC
Gas: SW Gas
Water: City Franchise
Sewer: Septic Tank
Freeway/Highway: Frontage
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Mech-box / Combo
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Roads/Streets: Asphalt
Traffic Count: Up to 5,000
Reports/Disclosures: Seller Prop Disc Stm; Vicinity of an Airport
Environmental: None
Supplements
The previous owner was collecting $5,000 gross monthly before having to shut down. With a little TLC, this motel could be a gold mine.
Listing Office: Tierra Antigua Realty, LLC
Last Updated: April - 02 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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