Skylark Motel Bedford | 108 Pearl St
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Skylark Motel Bedford 108 Pearl St
10 Room Serviced Apartment Bedford, IA 50833 £67,762 (£6,776/Room)
Investment Highlights
- *Assessed at $210k, potential city aid and roof replaced in 2008.
Executive Summary
For sale: Skylark Motel on 1.32 acres, assessed at $210k. Includes 16 units (3 not finished), office, manager's quarters, and laundry room. Property features three inhabitable buildings, some units need finishing and repairs (3 units have subfloor issues). NE building has been partially demolished and is uninhabitable. Roof replaced in 2008 and units are not individually metered. Property sold at tax sale, title clearance will be necessary for buyer. City interested in rehabilitation partnership due to limited local lodging options. Sold as-is. Property has potential, contact for more details.
Property Facts Under Contract
| Price | £67,762 | Lot Size | 1.32 AC |
| Price Per Room | £6,776 | Building Size | 5,145 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Sale Conditions | Distress Sale | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1951 |
| Property Subtype | Serviced Apartment | Parking Ratio | 3.89/1,000 SF |
| Building Class | C |
| Price | £67,762 |
| Price Per Room | £6,776 |
| Sale Type | Investment |
| Sale Conditions | Distress Sale |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | C |
| Lot Size | 1.32 AC |
| Building Size | 5,145 SF |
| No. Rooms | 10 |
| Number of Floors | 1 |
| Year Built | 1951 |
| Parking Ratio | 3.89/1,000 SF |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 10 | £54.21 | - |
PROPERTY TAXES
| Parcel Number | 000404000000000 | Improvements Assessment | £157,343 |
| Land Assessment | £10,172 | Total Assessment | £167,516 |
PROPERTY TAXES
Parcel Number
000404000000000
Land Assessment
£10,172
Improvements Assessment
£157,343
Total Assessment
£167,516
zoning
| Zoning Code | Commercial (Property is located in a flood zone.) |
| Commercial (Property is located in a flood zone.) |
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Skylark Motel Bedford | 108 Pearl St
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