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Lazy Spring Farm 45051 W 51st St S 4 Room Hotel Jennings, OK 74038 $1,206,564 CAD ($301,641 CAD/Room) 10.86% Cap Rate

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INVESTMENT HIGHLIGHTS

  • ~17.8 acres of land
  • Land approved for 6 cabins for additional income potential
  • 4 vacation cabins provide strong income
  • 0.5 acre deep pond on the property

EXECUTIVE SUMMARY

Established luxury Airbnb vacation home business for sale! The site is near Keystone lake 35 mins from Tulsa and 70 minutes from OKC, close to highway and state parks. This sale includes ~17.8 Acre land and 4 vacation cabins (each with deck, fire pit, 4-person SPA, all furniture, appliances). There’s a close to 0.5 acre deep pond on the property that can be used as fishing grounds for customers. This lot is partially wooded and partially clear. A minor public well was in place that can serve up to 12 people(two more cabins). Two new aerobic systems. One 20' storage container. The business was founded in 2022 and has stable income every month with lots of growth potentials. There is 1400ft of solid gravel road across the property. Address will be disclosed once proof of fund is received. The land was also approved to have 6 cabins and further application can be done to add even more cabins.

PROPERTY FACTS

Price $1,206,564 CAD
Price Per Room $301,641 CAD
Sale Type Investment
Cap Rate 10.86%
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 17.90 AC
Building Size 2,500 SF
No. Rooms 4
No. Stories 1
Year Built 2022
Parking Ratio 4.4/1,000 SF
Corridor Exterior

AMENITIES

  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 4 $136.51 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0000-30-019-008-0-015-01
Land Assessment
$5,591 CAD
Improvements Assessment
$15,787 CAD
Total Assessment
$21,379 CAD
  • Listing ID: 31821001

  • Date on Market: 2024-05-16

  • Last Updated:

  • Address: 45051 W 51st St S, Jennings, OK 74038

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