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, electric heaters and it is 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 12 mobile homes which are all rented and 30 spaces located close to the motel, for sale.