335 S Shelby St - Hospitality FOR SALE


Carthage, TX 75633
$385,000 USD
832-438-6292
335 S Shelby St, Carthage, TX for Sale
$385,000 USD
Hospitality - FOR SALE
1/15
null | 6.82% Cap Rate

335 S Shelby St
Carthage, TX 75633


OVERVIEW

This is a rare opportunity to own a meticulously maintained and fully remodeled 13-unit motel, accompanied by a delightful 1-bedroom, 1-bath house on the premises. Owned by the same dedicated proprietor for 30 years, this income-producing property is now available due to the owner's retirement. Property Highlights: Fully Remodeled: The entire property has been recently updated with modern amenities, ensuring comfort and satisfaction for tenants and guests. Steady Income: Currently vacant and tenant occupied, offering a transferable immediate reliable and consistent income stream. Conversion Potential: Ideal for first time hospitality buyers, those looking to add to their hospitality portfolio, or investors looking to convert into multi-unit apartments, further enhancing its value and profitability. Owner's Residence: Includes a charming 1-bedroom, 1-bath house, perfect for an on-site manager or additional rental income

FOR SALE DETAILS

PRICE

$385,000 USD

PRICE/SF

$21 USD /SF

# OF ROOMS

13

PRICE/ROOM

$29,615 {currency}

CAP RATE

6.82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,711 SF

ZONING

Commercial

APN/PARCEL ID

9531

ASK ABOUT THIS PROPERTY

Maya PatelPatelWillSellMore Info
832-438-6292

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Maya PatelPatelWillSellMore Info
832-438-6292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.