Motel, Apartments, Restaurant - Business for Sale

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Motel, Apartments, and Restaurant Property in Brinkley, AR

Brinkley, AR, US
Added 6 months ago
Hospitality and Property Rental
Absentee / Semi-Absentee

This property in Brinkley, Arkansas includes a 40-room motel, 10 apartments, a leased restaurant, and an extra-large rentable room, generating multi-source rental income.

Key Information

Asking

$1.3M

Revenue

Earnings

$683K

Multiple

1.9x

Key Highlights

  • Property includes a 40-room motel, 10 apartments, a leased restaurant, and an extra-large room for rent
  • First mortgage of $1,025,000 can be assumed on a case-by-case basis
  • COVID loan of $140,000 can be assumed on a case-by-case basis
  • Estimated buyer cash requirement: approximately $150,000 for purchase plus $50,000 for working capital, start-up, and renovations
  • Major improvements include roof repairs, RFID locks, replacement of 25+ AC units, and 3 new split AC units for the restaurant

Contact Info

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