Description
The 33-unit income-producing weekly/ extended stay motel Hometown & Suites in Arkansas is for sale! 8 units already have kitchenettes. Check out this great prospective money-making opportunity! Booneville is a thriving community with a newer Walmart supercenter, hospital, hardware stores, a Tractor Supply, Dollar General, Dollar Tree, several good dining facilities, and much more!
The selling price is $899,000.00 ( Seller Financing is available with a 25% – 30% Down payment & 9% Interest for a 3-5 years balloon payment.) ( Projected value can go up to $995,000 depending on the new buyer)
The Current total monthly gross Income is $18985.00 per month ( Occupied 27 Units Only) ( Total Rooms are 33 Units)
The total monthly gross expenses are $7429.76. Financial documents will be available throughout the due diligence period, ensuring you have all the information to make informed decisions.
The gross profit is $ 11559.24 per month. The CAP rate brings 11.61%
The Projected monthly gross income is $26400 & projected yearly income is $161,920 with a 15% CAP rate. ( Total Occupied 33 Rooms)
One thing that makes the small community of Booneville such a special place to live is the sense of belonging that residents feel. When you move here, you are welcomed with open arms and quickly become part of the community. The people of Booneville are kind, genuine, and always willing to lend a helping hand. They are proud of their community and work hard to make it a better place for everyone.
THE SELLING PRICE ON THE RENT TABLE IS BASED ON PROJECTIONS AND DEPENDS ON HOW THE NEW BUYER OPERATES THE BUSINESS.
SELLER FINANCING IS AVAILABLE UPON REQUEST! The seller requires a 25% down payment with an interest rate of 8-9% for a term of 3-5 years, followed by a 30-year amortization period.
Call Vip Commercial team Fl for more information at 407-453–3415 immediately.
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