44 Rooms and A House

$639,000

This property is two parcels; the north parcel includes the home and 8 rooms. Currently four or these eight rooms are rented on a monthly basis to long-term tenants. The home is three bedrooms with a remodeled kitchen and a large family room/dining room. The south parcel includes the main motel which was actually built in two phases with 19 rooms added in 1993. Currently there are 44 rentable rooms at the Red Carpet Inn.

This property is less than 1 mile from Interstate 70 and about 45 minutes from downtown St. Louis.

The property needs carpet and furniture and a new owner to breathe life into this excellent opportunity.

This property is priced at $15,000 per key which is less than a recent appraisal.

For further details, please execute our Confidentiality Agreement. You can email the Agreement back to john@illianaproperties.com or fax to 618-563-9310.

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