Craig Motel 1134 US Highway 80 29 Room Hotel Selma, AL 36701 $380,000 ($13,103/Room)

Prime Investment Opportunity in Selma, AL. Craig Motel has been a 1 owner operated and maintained for 34 years. A total of 29 rooms include a microwave, refrigerator, LED TV, cable and internet. 1 room with kitchenet, 1 apartment style and 1 with full kitchen, larger bath and 3 double beds. 2 storage rooms. Main office/apartment 2 bedrooms, Full kitchen, 2 Full baths Walk in storage/closet and Living Room. Renovations; roof - 2020, HVAC - 2020, Water Heater -2022 .
West Unit renovations; Roof- 2018, Water Heater- 2018.
East Unit renovations; Roof- 2019, Water Heater- 2021. 15
Heating and cooling units were installed in 2021 throughout.
Laundry area located in West unit with 2 washers and dryer.
35 parking spaces
Credit Card processor
Ice machine
#1 in AL for Capital Investing! With no shortage in history, Selma was the 1st state capitol, footsteps of the voting Rights Movement and major landmarks. With Easy access to major north south and east west travel corridor including Int 85 & 65 & Hwy 80 facilitating easy travel to other parts of the state and region. Close to 18,000 in population, industrial jobs and rich in history. Housing and Land prices, everyday expenses and utilities tend to be more affordable compared to nearby cities and regional metropolitan areas. Only 37 mins to Montgomery Regional Airport
Owner Financing Available!
Investors submit best offer, as no pricing guidance is given. Not all offers will be countered. All offers must include price, amount of EM, proof of funds, appropriate terms, inspection timelines, a list of due- diligence required from the receiver, a list of contingencies and relevant real estate experience.