Why buy a house, when you can buy a business with a home? Fantastic opportunity for a turnkey motel in the beautiful town of Forsyth, MT which is nestled between the Yellowstone River and I-94. 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.
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Location
810 Front Street, Forsyth, MT 59327
Status
Sold
Burke Tyree
TITLE
Broker | Owner | National Accreditation: ePro, PSA, GRI, ABR
At Tyree Real Estate, our experienced team is deeply committed to the Montana community and your real estate success. Let us help you find your perfect home today!