FairBridge Inn Express, Decatur 5100 Hickory Point Frontage Rd 95 Room Hotel Decatur, IL 62526 $2,303,000 ($24,242/Room) 13.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Huge Parking lot, Truck and RV Parking available, New roof, many room updated with ceilings and new manager's apartment, Updated Electric Work.
EXECUTIVE SUMMARY
New Roof, Updated new electric work for the building, many and most rooms has new ceilings, newly painted, new manager's apartments, new laundry system and 2 laundry rooms are updated, updated most guest rooms and breakfast area. Convenient location, Near Business district and Highways, easy access.
Nearby public transportation and major street, near shopping area and Mall, 24 hours fast food restaurant near by.
Corporate clientele accounts to work with major marketing plans and extended stay program....Major Work force market area with major employment sources surroundings area nearby.
Nearby public transportation and major street, near shopping area and Mall, 24 hours fast food restaurant near by.
Corporate clientele accounts to work with major marketing plans and extended stay program....Major Work force market area with major employment sources surroundings area nearby.
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS In Escrow
AMENITIES
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 95 | $132.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 07-07-23-301-023 | Improvements Assessment | $434,904 |
| Land Assessment | $135,016 | Total Assessment | $569,920 |
