Extended Stay of Carrizo Springs | 3062 Highway 277
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Extended Stay of Carrizo Springs 3062 Highway 277
23 Room Hotel Carrizo Springs, TX 78834 £508,593 (£22,113/Room) 13.85% Net Initial Yield
Investment Highlights
- Low expense ratio
- potential to increase daily/weekly rates
Executive Summary
23 units along with Bar Space and additional 15 Acres. The property has a 2-bed Kitchenette which is perfect for owner-operator. The excess land can be converted into an RV park or add more hotel units. ADR can be improved and expenses can be minimized
Data Room Click Here to Access
Property Facts
| Price | £508,593 | Lot Size | 15.30 AC |
| Price Per Room | £22,113 | Building Size | 6,719 SF |
| Sale Type | Investment | No. Rooms | 23 |
| Net Initial Yield | 13.85% | Number of Floors | 1 |
| Sale Conditions | Design & Build | Year Built | 2000 |
| Property Type | Hospitality | Parking Ratio | 8.93/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | £508,593 |
| Price Per Room | £22,113 |
| Sale Type | Investment |
| Net Initial Yield | 13.85% |
| Sale Conditions | Design & Build |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 15.30 AC |
| Building Size | 6,719 SF |
| No. Rooms | 23 |
| Number of Floors | 1 |
| Year Built | 2000 |
| Parking Ratio | 8.93/1,000 SF |
| Corridor | Exterior |
Amenities
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 23 | £33.65 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £49,051 | |
| Land Assessment | £59,857 | Total Assessment | £108,908 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£59,857
Improvements Assessment
£49,051
Total Assessment
£108,908
zoning
| Zoning Code | Commercial (Outside City Limits) |
| Commercial (Outside City Limits) |
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Hemin Patel - Shiva Investments LLC
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Shiva Investments LLC
Extended Stay of Carrizo Springs | 3062 Highway 277
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