Description
The Cedar Lodge is a staple motel located on Rodeo Road in North Platte, NE. With its great location and property layout, this could be an investors dream. The office portion has a living area that could be made into more units or it could also be rented. Currently, most of the units are rented on a monthly basis, but there are some long term renters. The property has 3 gas furnaces that provide heat with individual thermostats in each room and central air A/C units. Currently, the property owner pays all utilities except cable TV.
There are 31 units, and 6 studios with kitchenettes. There are approximately 500 sqft. per unit. Current rents are: $500 per month per unit/ $550 for an extra person or $600 per month per studio / $650 for an extra person. There are currently 7 vacancies.
Profit/Loss information is available upon signing a non-disclosure agreement.
Legal Description: O.T. ALL OF 3,4,5&6 & W.63’ OF 2 & 7 11 & VACATED ALLEY, North Platte, Lincoln County NE.
Taxes: $4,815.16
Address: 421 Rodeo Road, North Platte, NE 69101
County: Lincoln
