Historical Hotel & Motel Sale Listing - ABILENE TX - 84 ROOMS * $480K INCOME

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ABILENE TX - 84 ROOMS * $480K INCOME

774 E HWY 80, Abilene, TX 79601

N/A

84 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
84
Building Size:
40,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Garden/Low-Rise
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Average Daily Rate:
$35
No. Stories:
2
Year Built:
1972
Corridor:
Exterior
Lot Size:
2 AC
Parking Ratio:
1.50 / 1,000 SF
Listing ID
17504612
Last Updated
over 1 year ago

Utilities

Description

NEEDS NOTHING. - REDUCED FROM $2.4m JUST REMODELED - RIGHT ON THE MAIN STREET - RUNS ITSELF, I AM A PRIVATE PARTY AND I HAVEN'T EVEN BEEN THERE IN OVER A YEAR, NO NEED TO BECAUSE THE NUMBERS KEEP GOING UP. BEAUTIFUL POOL - INCOME IS NOW $40,000 A MONTH & GROWING, BANK STATEMENTS & TAX RETURNS AVAILABLE UPON PROOF OF FUNDS. HOTEL IS RUN AS AN EXTENDED STAY AND MOST OF THE TENANTS LIVE THERE PERMANENTLY, WE COLLECT RENTS DAILY, WEEKLY & MONTHLY. THE HOTEL HAS A LARGE CLOSED RESTAURANT THAT CAN BE LEASED FOR AN ADDITIONAL $1,000 A MONTH INCOME. YOU COLLECT THE MONEY FROM THE 6 LAUNDRY MACHINES & VENDING. MANAGERS LIVE ON SITE. FEEL FREE TO VISIT THE PROPERTY & TALK TO THE MANAGERS. - ALSO SEE MY $1,000,000 INCOME 137 ROOM KINGS INN HOTEL IN INDIANAPOLIS FOR $1,995,000 $600k DOWN.

On the main street at Highway 80 & Judge Eli Blvd.

Map of 774 E HWY 80, Abilene, TX 79601 (Taylor County)

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Created 1/27/2012