For Sale
$995,000

320 Mccandless AveBooneville, AR 72927

33-unit motel, high occupancy, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 33-unit Hometown Inn & Suites motel in Booneville, Arkansas presents a compelling investment opportunity. Currently operating at 80% occupancy, the property generates a substantial net operating income (NOI) of $100,744, yielding an 18.63% capitalization rate. The asking price is $995,000. Eight units already feature kitchenettes, catering to extended-stay guests. The motel benefits from its location in a thriving community, boasting amenities such as a Walmart Supercenter, hospital, and various retail and dining establishments. Financial records indicate a monthly gross income of $18,985 (based on 27 occupied units) and monthly expenses of $7,429.76, resulting in a significant monthly gross profit. Seller financing is available, requiring a 15-20% down payment and a 7% interest rate on a 3-5 year balloon payment. The property's three APNs are 800-00801-000, 800-00802-000, and 800-00804-000. This is an ideal acquisition for owner-users or developers seeking a strong return on investment in a stable market. The property is located at 320 McCandless Ave, Booneville, AR 72927. This is a turnkey operation in a community known for its strong sense of community and supportive environment.

Highlights

  • Seller financing available with 20% down payment.
  • Excellent opportunity for first-time motel owners.
  • Easy-to-maintain property.
  • Three-year seller financing term.

Property Details for 320 Mccandless Ave

Property type
Hospitality properties, Motels

Location Insight

City
Booneville
County
Logan
State
Arkansas
Latitude
35.14085803997
Longitude
-93.919200627816
320 Mccandless Ave, Booneville, Arkansas

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320 Mccandless Ave
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