This Hotel & Motel property is For Sale.

774 E HWY 80
Abilene, TX 79601 ·

84 Rooms · Hotel & Motel For Sale

$1,395,000

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ABILENE TX - 84 ROOMS * $350K INCOME - OWNER

Price $1,395,000 Commission Split 6%
No. Rooms 84 Average Daily Rate $45
Building Size 40,000 SF No. Stories 2
Price/Room $16,607.14 Year Built 1972
Property Type Hotel & Motel Corridor Exterior
Property Sub-type
Full Service
More...
  • Garden/Low-Rise
  • Mid/High-Rise
Lot Size 2 AC
Property Use Type Investment Parking Ratio 1.50 / 1,000 SF
Find out more...
Listing ID: 17504612 Date Created: 01/27/2012 Last Updated: 02/04/2016

Description

TAKE OVER LEASE OPTION - $395,000 DOWN REDUCED FROM $2.6m - RIGHT ON THE MAIN STREET - RUNS ITSELF, I AM A PRIVATE PARTY AND I HAVEN'T EVEN BEEN THERE IN OVER A YEAR, BEAUTIFUL POOL - INCOME WAS $275,000 IN 2013 $346,500 IN 2014 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.

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

Research

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

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