796 W Line Street

Description:

This charming, mid-century, 16-room motel on a corner lot offers a blend of comfort, convenience, and reliable income in a central location located just a half mile west of Hwy 395 and across from the hospital, middle school, and high school. Each guest room is thoughtfully updated with stylish dcor, upgraded laminate flooring, refrigerator and microwave in each room, heat pumps provide heating and cooling while select units feature full kitchens or kitchenettes for extended stays, or 2 bedrooms for families or friends traveling together. Laundry room with commercial machines on site. The property includes a spacious 2 BR, 2 BA, 2-story manager's residence with a front office. All furnishings and equipment are to be sold with property.As part of an investment portfolio of five other properties in Bishop, this motel benefits from a contract with Mammoth Mountain each winter to house overflow seasonal employees. Three other portfolio properties for sale are right down the street 274 Lagoon St (El Rancho Motel), 236 Lagoon St, and 331 S Warren St next door. The other two are a fourplex on High St, and 7-unit apartment complex on Short St. This is an exceptional opportunity for an investor seeking both stability and upside income potential.

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Listing ID: 520dde82-991a-4abb-ba2e-d62772b47fec