*Investment Highlights*
-Price to sell, reduced by $450,000!
-Major renovation recently completed in March 2024, with little to no PIP for new owner
-Priced under 3x RRM, 14.2% Cap Rate and 33.1% Cash on Cash Return
-Property continues to stabilize after renovation with a strong increase in T-12 revenues up 20% and rising
-Exterior corridor; 2-Story; 90-Unit well maintained building located on 2.43-acre lot
-Buyer has the option to continue operations as Quality Inn & Suites or property is approved for conversion to SureStay Plus with minimal PIP requirements
-Located in high traffic area within Alamogordo, nearby highway junction 70 & 54
-In proximity to renowned White Sands National Park and Holloman Air Force Base
-Property approved for SBA 7a financing with only 15% down payment!