Motel, Apartments, Restaurant
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.
Financials (USD)
Asking Price $1,290,000
Cash Flow $683,000
Sales Not Disclosed
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
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