60 KEY MOTEL WITH RECENTLY COMPLETED PIP FOR 12.5% CAP RATE!! $8.75m Cash $10m Owner Finance
New off-market deal McCurtain County, Broken Bow, OK 74728 $8.75m Cash price $10m Owner Finance 35% down 60 beds 60 baths 31953 sqft ARV $10.00m Starting price $7.50m (75% ARV) Gross margin $1.25m Incredible Opportunity: 60 KEY MOTEL WITH RECENTLY COMPLETED PIP FOR 12.5% CAP RATE!! CASH PRICE: $7,500,000 or SUBMIT YOUR BEST OFFER HIGH LEVEL PROPERTY BREAKDOWN HOTEL DETAILS : 60 KEYS TOTAL 17 KING BEDS 17 DOUBLE BEDS 20 QUEEN BEDS 6 KING/DOUBLE BED PIP COMPLETED 2021 HOTEL CONSTRUCTED IN 1973 PARTIAL CONCRETE WITH DUAL ROOF OCCUPANCY RATE 2023-2024: 66.50% - 72.40% RevPAR - $69.27 CHAIN HOTEL - CHOICE HOTEL ( OK288 PROPERTY CODE UNDER CHOICE HOTELS ) PROPERTY FEATURES : CONTINENTAL BREAKFAST GUEST LAUNDRY SEASONAL POOL FREE WIFI FAX AND COPY MACHINE PARKING LOT FOR 18-WHEELERS AND BUSES BUSINESS CENTER LOCAL ATTRACTIONS : BEAVERS BEND STATE PARK HIKING TRAILS CANOEING RIVER FLOAT TRIPS HORSEBACK RIDING AMPHITHEATER FAMOUS OLD HICKORY RESTAURANT...