Listed by John Rea Realty
$1,350,000
Family Built Motel
Details
APN 20041800
Property Type Hospitality
Sub Type Motel
Square Footage 6,373
Units 25
Cap Rate 8.93%
NOI $120,585
Occupancy 100%
Tenancy Single
Price per SqFt $212
Broker Co-Op True
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 1
Acreage 2.060
Zoning Parish
Parking Spaces 25 spaces
Parking per 1,000 SqFt 3.92
Investment Type Stabilized
Sale Condition For sale by owner
Fully Renovated 2024 | 8.93% CAP
Marketing description
Family Built Motel is a fully renovated, income-producing motel located in Columbia, Louisiana. The property operates as a self check-in motel with digital access and was effectively rebuilt in 2024, with only the studs and brick shell remaining from the prior structure. As the only motel currently serving the parish, the property is positioned to capture both nightly and extended-stay demand.
Investment highlights
- Effectively rebuilt in 2024 with all new electrical, under-slab and interior plumbing, insulation, HVAC, fixtures, and finishes.
- Operating at or near full occupancy with strong forward bookings.
- Only motel currently serving the parish.
- Self check-in operation with digital access supports efficient day-to-day management.
- Diverse room mix includes kitchenette suites, a family suite, and standard rooms with multiple bed configurations.
Listing Contacts
Listed by John Rea Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,585.00
$10,048.75/mo
Valuation Metrics
0
DSCR
8.93%
Cap Rate
8.93%
ROI
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