158 County RdVerhalen, TX 79772

Property Details for 158 County Rd

Year built

2017

Lot size

7.66 AC

Property size (Sq ft)

9,220 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional investment opportunity presents a thriving 18-unit motel situated on a spacious 7.66-acre lot in Pecos, Texas. Built in 2017, this property boasts 9,220 square feet and features 15 single units and 3 double units, all fully furnished. An on-site manager's office/home and two storage buildings are included. The property currently generates a strong NOI of $100,000, resulting in an 8% cap rate. Further enhancing its potential, two additional units are slated for completion this year, projected to increase gross monthly rent by $6,000. Conveniently located in an Opportunity Zone, this motel offers significant upside potential. The property benefits from ample space for expansion, with readily available power, water, and sewer services. City water provides robust 61 psi pressure. This turnkey operation presents a rare chance to acquire a well-established, income-producing asset with significant growth prospects. Detailed financials are available upon request. The property address is 158 County Rd 404, Pecos, TX 79772.

Location Insight

City

Verhalen

County

Reeves

State

Texas

Latitude

31.4295

Longitude

-103.524

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