16 Units Motel with Seller Financing Available

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Description

THE SELLING PRICE REDUCED FROM $749,000 TO $5,49,900. BRING THE CASH OFFER & SELLER MAY CONSIDER $475,000!!!

With a stay at Economy INN Poteau in Poteau, you’ll be within a 5-minute drive of Le Flore County Courthouse and Twyman Park. This motel is 2.1 mi (3.4 km) from Choctaw Travel Plaza and Casino and 2.6 mi (4.1 km) from Eastern Oklahoma Medical Center.

Property Description

Near Le Flore County Courthouse. With a stay at Economy INN Poteau in Poteau, you’ll be within a 5-minute drive of Le Flore County Courthouse and Twyman Park. This motel is 2.1 mi (3.4 km) from Choctaw Travel Plaza and Casino and 2.6 mi (4.1 km) from Eastern Oklahoma Medical Center. Make yourself at home in one of the 16 guestrooms. Complimentary wireless internet access is available to keep you connected.

Among the 16 units available, one stands out as an exquisite kitchenette and two-bedroom apartment, ideally suited for manager quarters. Its strategic connection to the lobby adds a layer of convenience and accessibility, making it an exceptional choice for those in leadership roles.

Weekly rate between $240-$250 per week. It’s a perfect manageable motel for small family operations or the entry-level buyers.

SELLER FINANCING IS AVAILABLE UPON REQUEST! The seller requires a high down payment with an interest rate of 8-9% for a term of 3-5 years, followed by a 30-year amortization period to cover his existing mortgage.

The financials shown are projected.

Contact the Vip Commercial Team Fl @ 407-453-3415 immediately.

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Country: United States
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Property Id : 23088

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    We recommend rent

    Rental Income $184,320 Per Yr/ $15360 Per Month
    Investor Price $749,000.00
    Closing Costs to Buy $3,000.00 estimated
    Rehab Projection $10,000.00
    Utilities $20,400.00 per Yr
    Property Insurance $4,800.00 / Per Yr
    Estimated Taxes $5598/ Per Yr.
    Property Management $12,257.00
    Maintenance $9,600.00
    HOA Dues $0.00

    $92,767.00

    Projected Income

    12.38%

    Estimated APY

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Vipin Shah – Licensed Real Estate Agent Commercial Director
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