Round House Inn
39 units, 14,952 sf, consistently at full occupancy, low maintenance, low expenses,10.4% cap rate
Great investment property. 39 unit inn/multi-family property located in Carson City on North Carson Street. Easy access and high visibility. Rooms are approximately 350 sf. 38 rooms rent for approximately $650 per month. Consistently at full occupancy. Monthly income approximately $25,000, monthly expenses for entire property approximately $7,500 per month. Great cap rate at 10.4%. Monthly and weekly rentals only. No dailies, results in lower expense. No maid or daily cleaning/laundry expense. One dedicated management room. Great cash flow investment for a savvy investor.