320 Mccandless Ave Booneville, AR 72927

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.