Sold
670,000 699,000 - Motel
30 Units, Independent Motel. Great Opportunity for Owner Operator.
Offered at just 2.36x Room Revenue! Occupancy 57% and Room Revenue $283,692 in 2021.
Well maintained property with no work needed. Renovated 2013. New Metal Roof.
Spacious Manager’s Quarters with 2 Bedrooms, Living Room, Big Kitchen and Separate Private Entrance.
No marketing currently done for property. Current owner has employees manage property. Great opportunity for owner operator to streamline business. Low taxes and low insurance. Owner operator could do 50% NOI.
This property offers a themed design commemorating local music legends with a 1950s style lobby and themed guest rooms devoted to different famous musicians.
Well rated on TripAdvisor with a 4/5 score.
Convenient to major cities—Just a 90 minute drive to Memphis, TN and 2 hours to Little Rock, Arkansas.
