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Herber Historic Inn 201 E Main 15 Room Hotel Heber Springs, AR 72543 $1,003,921 CAD ($66,928 CAD/Room)
INVESTMENT HIGHLIGHTS
- Transferable liquor license
- All rented units have leases
EXECUTIVE SUMMARY
Welcome to The Cartwright. A former inn built in 1882 that was completely renovated in 2023. The Building has 15 studio apartments, a working restaurant, a lounge and an office that could be rented to generate extra revenue. The apartments are furnished and the upstairs units share a kitchenette. There is onsite coin op laundry that adds to the revenue totals. This property could be easily be turned back into a hotel and operated as such. THE BUILDING ALSO COMES WITH A TRASFERRABLE LIQUOR LICENSE. Located in a dry county this makes the license unmeasurably valuable.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,850
|
$21.88
|
| Other Income |
$12,941
|
$2.40
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,791
|
$24.28
|
| Taxes |
$6,117
|
$1.14
|
| Operating Expenses |
$66,476
|
$12.34
|
| Total Expenses |
$72,593
|
$13.48
|
| Net Operating Income |
$58,198
|
$10.81
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,850 |
| Annual Per SF | $21.88 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,941 |
| Annual Per SF | $2.40 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $130,791 |
| Annual Per SF | $24.28 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,117 |
| Annual Per SF | $1.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $66,476 |
| Annual Per SF | $12.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,593 |
| Annual Per SF | $13.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,198 |
| Annual Per SF | $10.81 |
PROPERTY FACTS
| Price | $1,003,921 CAD | Building Size | 5,386 SF |
| Price Per Room | $66,928 CAD | No. Rooms | 15 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1882/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.78/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.47 AC | ||
| Zoning | C1 - Central business district | ||
| Price | $1,003,921 CAD |
| Price Per Room | $66,928 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 5,386 SF |
| No. Rooms | 15 |
| No. Stories | 2 |
| Year Built/Renovated | 1882/2024 |
| Parking Ratio | 2.78/1,000 SF |
| Corridor | Interior |
| Zoning | C1 - Central business district |
AMENITIES
- Balcony
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Destination Resort
- Boutique/Lifestyle Hotel
- Bed & Breakfast
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $117.72 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 300-00259-000-C | Total Assessment | $84,888 CAD (2024) |
| Land Assessment | $11,235 CAD (2024) | Annual Taxes | $6,117 CAD ($1.14 CAD/SF) |
| Improvements Assessment | $73,654 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
300-00259-000-C
Land Assessment
$11,235 CAD (2024)
Improvements Assessment
$73,654 CAD (2024)
Total Assessment
$84,888 CAD (2024)
Annual Taxes
$6,117 CAD ($1.14 CAD/SF)
Tax Year
2025
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Presented by
Arkansas Vacation Rental Property Mgmt
Herber Historic Inn | 201 E Main
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