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Super 8 Brinkley 2005 N Main St 48 Room Hotel Brinkley, AR 72021 $1,774,550 CAD ($36,970 CAD/Room)
INVESTMENT HIGHLIGHTS
- Motels, Apartements, Restaurant
EXECUTIVE SUMMARY
Excellent Opportunity to own a multi-revenue property in Brinkley, Arkansas, located halfway between Little Rock and Memphis, Tennessee
Consisting of:
40-room Motel
10 apartments
Leased restaurant
Extra-large room (for rent)
The gross revenue for all rental units are
2023: $ 550,000.00
2024: $ 683,000.00
On a case-by-case basis, the first mortgage holder (bank) could be assumed . First mortgage of $1,030,000.00.
On a case-by-case basis, there is a COVID loan that can be assumed of $ 130,000.00.
Thereby approximately you will need $ 250,000 for purchasing this property. Plus you will need an addition $ 50,000 for working capital plus start up and renovations.
A "proof of funds" of at least $ 300,000 will be required.
There are a few motel rooms that need renovation (perhaps 8). There are about 4 or 5 apartments needing renovations.
Major improvements over past years:
- Roof repairs
- RFID locks
- 25+ AC’s replaced
- 3 new split AC for restaurant
Buyer's Brokers will be required to be paid by Buyers.
Out of town owners seek fast sale.
Consisting of:
40-room Motel
10 apartments
Leased restaurant
Extra-large room (for rent)
The gross revenue for all rental units are
2023: $ 550,000.00
2024: $ 683,000.00
On a case-by-case basis, the first mortgage holder (bank) could be assumed . First mortgage of $1,030,000.00.
On a case-by-case basis, there is a COVID loan that can be assumed of $ 130,000.00.
Thereby approximately you will need $ 250,000 for purchasing this property. Plus you will need an addition $ 50,000 for working capital plus start up and renovations.
A "proof of funds" of at least $ 300,000 will be required.
There are a few motel rooms that need renovation (perhaps 8). There are about 4 or 5 apartments needing renovations.
Major improvements over past years:
- Roof repairs
- RFID locks
- 25+ AC’s replaced
- 3 new split AC for restaurant
Buyer's Brokers will be required to be paid by Buyers.
Out of town owners seek fast sale.
PROPERTY FACTS
AMENITIES
- Business Center
- Pool
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 10 | $101.80 CAD | - |
| Guest Room | 38 | $82.54 CAD | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $361,434 CAD | |
| Land Assessment | $182,493 CAD | Total Assessment | $543,927 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$182,493 CAD
Improvements Assessment
$361,434 CAD
Total Assessment
$543,927 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
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Presented by
Excel Business Brokers
Super 8 Brinkley | 2005 N Main St
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