White Pines Hotel | 1301 Aultman St
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White Pines Hotel 1301 Aultman St
29 Room Hotel Ely, NV 89301 £1,058,613 (£36,504/Room) 19.48% Net Initial Yield
Investment Highlights
- This motel is located at the center of the city, restaurants, casinos and park are walking distance from the motel.
Executive Summary
High cap rate. Located in downtown Ely. 29 rooms plus a One-bedroom apartment attached to the office for the managers.
All the rooms have a flat TV, microwave, refrigerator, air-conditioning, and heaters and are all electric. The motel offers free WIFI, HBO, and free parking. This motel is located at the center of the city, casinos and restaurants are near the motel.
Ely is located between Las Vegas and Salt Lake City Utah. There are major copper mines and gold mines near Ely. Great Basin National Park, fishing, hunting, and Cave Lake are near Ely. We also own White Pine Mobile Home Park, 2.4 acres, with 10 mobile homes which are all rented, and 30 spaces, one city block located close to the motel, for sale. Please call for information.
All the rooms have a flat TV, microwave, refrigerator, air-conditioning, and heaters and are all electric. The motel offers free WIFI, HBO, and free parking. This motel is located at the center of the city, casinos and restaurants are near the motel.
Ely is located between Las Vegas and Salt Lake City Utah. There are major copper mines and gold mines near Ely. Great Basin National Park, fishing, hunting, and Cave Lake are near Ely. We also own White Pine Mobile Home Park, 2.4 acres, with 10 mobile homes which are all rented, and 30 spaces, one city block located close to the motel, for sale. Please call for information.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,058,613 | Lot Size | 0.53 AC |
| Price Per Room | £36,504 | Building Size | 8,316 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Net Initial Yield | 19.48% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1974/2017 |
| Property Subtype | Hotel | Parking Ratio | 2.77/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £1,058,613 |
| Price Per Room | £36,504 |
| Sale Type | Investment |
| Net Initial Yield | 19.48% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 8,316 SF |
| No. Rooms | 29 |
| Number of Floors | 2 |
| Year Built/Renovated | 1974/2017 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Business Centre
- High Speed Internet Access
- Convention Hotel
- Public Access Wi-Fi
- On-Site Security Staff
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 29 | £47.40 | - |
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PROPERTY TAXES
| Parcel Number | 001-218-03 | Total Assessment | £86,446 (2024) |
| Land Assessment | £15,161 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £71,285 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
001-218-03
Land Assessment
£15,161 (2024)
Improvements Assessment
£71,285 (2024)
Total Assessment
£86,446 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | Hospitality (COMMERCIAL, Motel) |
| Hospitality (COMMERCIAL, Motel) |
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White Pines Hotel | 1301 Aultman St
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