Originally built in the 1940’s, this adorable historical motel complex consists of 15 units ranging from 200 to 300 square feet plus a Two-Bedroom two bath unit attached to the office for the managers.
• Kitchenettes are available in over 20% of rooms, giving the property an extended stay component. The motel offers free WIFI, TV, coffee, tea, and free parking.
• Additionally, there is a separate laundry area and standalone shed.
• All the rooms have a flat TV, microwave, refrigerator, air-conditioning, electric heaters and coffee makers.
• Most of the units have been refurbished with new tile flooring and fresh paint. Two of the three buildings have new roofs, and a brand-new pic water system has been installed.
• Substantial upgrades have been made to the landscaping, and a new sign is in place.
• The BV Motel can proudly claim that over the past five years, they have passed all Health and Safety Checks and is a participating member of the City of Searchlight.
• Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.
• Priced Significantly Below Replacement Cost
• Strong Revenues with Room for Growth: The subject property has achieved a total room revenue of slightly under $200,000, and over $110,000 net operating income.
• The potential upside lies in collapsing the embedded loss-to-lease by increasing rents to market and improving general operations, which could be achieved through the hiring of a professional management company.
• 30 miles South of Las Vegas, 35 miles North of Laughlin, 10 miles from Cottonwood Cove, 12 miles to Spirit Mountain and 45 miles to Ghost town of Oatman, 15 miles to Nipton and 30 miles to the border town of Primm.
• Historical of Gold Mining Era, trace elements of Platinum have been discovered.
• Priced Significantly Below Replacement Cost
• Upside in Rents & Operations