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Description
Introducing 620 Holland Ave, Stanton, Iowa - an exceptional investment opportunity in the heart of an industrial park, strategically located next to the popular Casey's convenient store on US Highway 34 with possible owner financing. This well-maintained 12-unit motel, accompanied by a cozy two-bedroom, one-bathroom manager living quarters, offers immense potential for various business ventures. With its prime location near Red Oak, Iowa and Poliska, Iowa, this property experiences high traffic, making it an ideal choice for entrepreneurs seeking assisted living homes, one-room long-stay rental apartments, or even the transformation into storage units. The motel's proximity to major highways ensures excellent visibility and accessibility, providing a constant influx of potential customers.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 5,000
County: Montgomery
Listed By:
Thomas Realty
712-542-6325
IARMLS
MLS ID: 6315526
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620 Halland Avenue, Stanton, IA 51573.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $325,000 | $325,000 | $325,000 |
| Down Payment | $65,000 | $11,375 | $81,250 |
| Monthly Mortgage Amount | $1,538 | $1,862 | $1,976 |
| Taxes | $452 | $452 | $452 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $143 | $0 |
| Monthly Estimated Total | $2,090 | $2,557 | $2,528 |