Motel, Apartments, Restaurant
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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.
About the Business
- Facilities & Assets
- Restaurant
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2443771
- Listing Views
- 16
Listing ID: 2443771 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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