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Midwest Motel
Fort Wayne, Indiana
Midwest Motel
Fort Wayne, Indiana
- Total Units 16 Motel Rooms + 4 Converted Apartments
- Parcel Numbers 02-13-10-252-005.000-041 & 02-13-10-252-011.000-041
- List Price $1,100,000
- Cap Rate 14.77%
Sale Overview
Global Real Estate Advisors is pleased to present the exclusive offering of the Midwest Motel, a 20-unit hospitality property ideally located along IN-930 in the growing Fort Wayne, Indiana market.
The property comprises 16 traditional motel rooms and a single-family residence converted into four apartment-style units, providing a mix of transient and extended-stay accommodations.
The asset is currently operated by an on-site manager who oversees daily operations in exchange for discounted rent and a per-room leasing incentive, offering hands-on management and stable oversight. Recent improvements and operational stabilization make this an attractive turnkey investment generating immediate cash flow with a strong double-digit cap rate.
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