504-A 5Th StColeman, TX 76834

Property Details for 504-A 5Th St

Lot size

0.16 AC

Property size (Sq ft)

672 SF

Property type

Commercial real estate

Description

This unique Coleman, TX investment opportunity boasts a 10% capitalization rate, making it an ideal addition to any portfolio. The property, located at 504-A 5th Avenue Street, comprises two charming suites, each meticulously designed with Texas rustic flair. The Wrangler suite features a king-sized gel top mattress, while the Longhorn suite offers two queen-sized beds. Both suites share a common aesthetic, incorporating tin ceilings salvaged from an old milk barn, custom-made furniture by a local artist, and local Western art. Each suite includes modern amenities such as a kitchenette equipped with a mini-refrigerator/freezer, microwave, and full-size coffee maker. Guests enjoy the convenience of Wi-Fi, Direct TV on a 45-inch screen, and individual mini-split heating and air conditioning systems. Privacy is ensured by a triple-insulated, soundproofed central wall separating the suites. Situated just six blocks from downtown Coleman, the property offers easy access to local attractions and amenities. Recent upgrades include a new metal roof (July 2024) and metal siding (August 2024). The 672 square foot property sits on a 0.16-acre lot and is priced at $120,000. This turnkey Airbnb is ready for immediate income generation, presenting a compelling opportunity for savvy investors. Start your new business adventure today!

Location Insight

City

Coleman

County

Coleman

State

Texas

Latitude

31.8268

Longitude

-99.4311

FAQs

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