40 Rooms Motel on Interestate TX

40 Rooms Motel on Interestate TX
123 US-87, Texline, TX 79087, USA
For Sale Commercial $650,000.0 - commercial
40 Bedrooms 40 Bathrooms

 Seller will accept BTC, ETH, LTC as full or partial payment. Trades also considered.

This is a single story, Motel with 40 rooms. on Interstate 87 going toward Colorado, 100 miles from Amarillo TX,  next to a truck stop and restaurant. This is an Excellent Opportunity for a investor to get in motel business below replacement cost . Motel is currently secured to prevent trespassing while it is not in operation, since July 2016 due to miss management, absentee owner, Solid brick construction Will need Cosmetic repair and soft goods but can be quickly turned around for opening. It will require cleanup and repairs to bring it up to spec, but with the know-how and drive to do so, it should be quick. American best value inn will offer franchise. Motel use to do around $ 280k a year gross with 50% Occupancy & absentee owner. With a flag motel will do around $ 450k a year

Next town has 2 motel for sale 40 rooms and a 50 rooms priced around $ 3 Mil each



Price $650k i can do owner finance with 50% Dw. 0% interest. for 3 years price will be $699k .will need about $100k in rehab mostly make ready and soft goods. rock solid building with pitch roof , no foundation issue It could be converted in to a multi family too like 20 units , only 1 apartment complex in town getting around $550 to $750 a month on rent

Additional Details

  • 40 Rooms Motel: $650.000.00 USD OR equal crypto
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Submitted by Properties4sale



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