Description
Discover an incredible investment opportunity at Murdo Inn, 105 5th St, Murdo, SD. This charming property, with a spacious 7,126 square feet and 32 well-appointed rooms on a generous 32,234 square foot lot, carries a rich history that dates back to 1950. Priced attractively at $349,000, this property represents significant value, costing just $10,906 per key and $48.98 per square foot. The weekly rent is $300 per week in that area. The taxes are around $4500 per year.
Strategically positioned in a vibrant area, this investment takes advantage of an impressive projected average household income of $78,661 within a 5-mile radius by 2025. This makes Murdo Inn not just a property, but a remarkable opportunity to secure your financial future.
Now is the perfect time to act; although currently winterized, the property is well-maintained and waiting for your creative vision to refresh its aesthetics. The motivated seller is offering flexible financing options, including a low 15% down payment, competitive interest rates between 6-7%, and a 20-year amortization plan with a balloon payment due in five years. Plus, qualified buyers can benefit from an optional five-year extension on interest-only payments.
Seize the opportunity to own a valuable piece of Murdo. Reach out to the Vip Commercial Team at 407-453- 3415 today and unlock the potential of this fantastic investment! We’re eager to help you take the next step!
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