Fantastic opportunity for a turnkey motel in the beautiful town of Forsyth, MT. The current owners for over the last 30 years have just had their best May with over $29K in gross revenues. The average room rate is around $90 with 20 rentable rooms. This is a two-person operation, plus housekeeping assistance during the busiest months. The owners’ residence is off the main office/lobby with 3 bedrooms/2 bathrooms and new carpeting installed with many upgrades to the kitchen. The Restwel boasts the nicest Jacuzzi King Suite in town and the only triple queen. For an additional $350K, an adjacent investment opportunity exists that could be packaged with this. Imagine owning the entire half block with 3 additional buildings. This additional property consists of two duplexes and a large garage with an apartment upstairs. All units are fully rented with long term tenants.
MLS# | 346745 |
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Listing Type | For Sale |
Status | Active |
Year | 1951 |
Days On Site | 81 |
Listing Provided By | Tyree Real Estate, Inc. | Burke Tyree |
Story(s) | 1 |
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State | MT |
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County | Rosebud |
City | Forsyth |
Zip Code | 59327 |
Area | (34) Forsyth |
Community Name | General |
Listing VS Median (in General) | |
Price: $400,000 low | high Med: $0 On Site: 81 low | high Med: |