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9390103
9390104

360 US-62, Salem, AR 72576

The Real Estate Group
Listed by The Real Estate Group
$825,000
1290 days on market
Updated 50 days ago

Cottonwood Inn

Details
Property Type Hospitality
Sub Type Motel
Square Footage 8,425
Keys 22
Beds 40
Cap Rate 18.54%
NOI $152,992
Occupancy 100%
Price per SqFt $98
Broker Co-Op Yes
Year Built 1997
Year Renovated 2010
Buildings 2
Stories 1
Acreage 1.960
Investment Type Owner/User
Ownership Corporation

Cottonwood Inn - Arkansas

Marketing description

Well run hotel in Arkansas for many years. Seller Motivated, All offers will be seriously considered, around 70-80k improvements in last couple years. New roof, central heating and air plus more. owned and operated and very high occupancy. , is in excellent condition and has been maintained well over the years and it shows. High occupancy and strong return for an owner-operator. Located directly off Highway 62 for great traffic from truckers, contractors, and vacationers. When you stay at Cottonwood Inn in Salem, you'll be 15 minutes by car from Golf Course on Turkey Mountain. This motel is 12.9 mi (20.7 km) from Crown Lake and 13.3 mi (21.3 km) from Horseshoe Bend City Hall. There are restaurants, bars, lounge & dining options in town. A complimentary continental breakfast is served daily from 7:00 AM to 10:00 AM. Feel at home in one of the 22 air-conditioned rooms featuring refrigerators and flat-screen televisions. Complimentary wireless Internet access keeps you connected, and cable programming is available for your entertainment. Bathrooms have shower/tub combinations and complimentary toiletries. Conveniences include microwaves and coffee/tea makers, and housekeeping is provided daily. If you are thinking of bringing your pet and want to know if pets are allowed at Cottonwood Inn. Professional property host/manager with own apartment. Call Jerry George to set up a tour of the property - 217-638-1360 - [email protected]

Investment highlights

Well run hotel in Arkansas for many years. Family owned and operated and very high occupancy. Property is in excellent condition and has been maintained well over the years and it shows. High occupancy and strong return for an owner-operator. Located directly off Highway 62 for great traffic from truckers, contractors, and vacationers. When you stay at Cottonwood Inn in Salem, you'll be 15 minutes by car from Golf Course on Turkey Mountain. This motel is 12.9 mi (20.7 km) from Crown Lake and 13.3 mi (21.3 km) from Horseshoe Bend City Hall. There are restaurants, bars, lounge & dining options in town. A complimentary continental breakfast is served daily from 7:00 AM to 10:00 AM. Feel at home in one of the 22 air-conditioned rooms featuring refrigerators and flat-screen televisions. Complimentary wireless Internet access keeps you connected, and cable programming is available for your entertainment. Bathrooms have shower/tub combinations and complimentary toiletries. Conveniences include microwaves and coffee/tea makers, and housekeeping is provided daily. If you are thinking of bringing your pet and want to know if pets are allowed at Cottonwood Inn. Professional property host/manager with own apartment. Call Jerry George to set up a tour of the property - 217-638-1360 - [email protected]

Listing Contacts

The Real Estate Group
Listed by The Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,992.00
$12,749.33/mo

Valuation Metrics

0
DSCR
18.54%
Cap Rate
18.54%
ROI

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