$125,000
$139,900
10.7%For more information regarding the value of a property, please contact us for a free consultation.
220 E Logan Street Markle, IN 46770
0.59 Acres Lot
Key Details
Sold Price $125,000
Property Type Commercial
Sub Type Hotel & Motel
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 202114910
Sold Date 07/06/21
Year Built 1947
Annual Tax Amount $2,088
Tax Year 2021
Lot Size 0.590 Acres
Property Description
This is a Commercial Motels/Tourist Cabin property with 8 Efficiency Rental Units and a 2 bedroom Ranch house on 0.59 Acres. Formerly the Slumber Inn, The Investment Income Potential generates about $40,000 after expenses if fully occupied & is now at 90% Occupancy with Current Lessees in place. The Motel is 2,682sqft with 8 Efficiency Apartment Units with a potential of 10 Units (2 have been joined combining 2 rooms) with Exterior Entrances and 11,300sqft Paved Parking lot. The Home has 1,364sqft of Living Space with 2 Beds 10x12, 1 Bath, Large 18x16 Living, Kitchen 10x12, Dining 19x15, a 16'x24' Deck for Entertaining and a 14'x22' Detached Garage with 8'x14' Lean-To with concrete floor for extra storage. This Property is Located off Main Hwy 224 with High Visibility.
Location
State IN
Area Wells County
Direction From Fort Wayne go South on I-69 to Hwy 224 turn East towards Markle, Property is on the South Side of road past N. Clark St.
Interior
Flooring Carpet, Vinyl
Appliance Building, Land
Laundry , 12
Exterior
Fence None
Waterfront No
Roof Type Asphalt
Total Parking Spaces 12
Building
Story 1
New Construction No
Others
Financing Cash,Conventional
Read Less
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IDX information provided by the Indiana Regional MLS
Bought with Andy Eckert • Ness Bros. Realtors & Auctioneers