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Economy Inn 335 S Shelby St
13 Room Hotel Carthage, TX 75633 £305,047 (£23,465/Room) 6.82% Net Initial Yield
Executive Summary
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
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £305,047 | Lot Size | 0.73 AC |
| Price Per Room | £23,465 | Building Size | 18,150 SF |
| Sale Type | Investment | No. Rooms | 13 |
| Net Initial Yield | 6.82% | Number of Floors | 1 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1957/2023 |
| Property Type | Hospitality | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | £305,047 |
| Price Per Room | £23,465 |
| Sale Type | Investment |
| Net Initial Yield | 6.82% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 18,150 SF |
| No. Rooms | 13 |
| Number of Floors | 1 |
| Year Built/Renovated | 1957/2023 |
| Parking Ratio | 0.77/1,000 SF |
| Corridor | Exterior |
About 335 S Shelby St , Carthage, TX 75633
Prime Location: Convenient Access: Just a 45-minute drive to renown Margaritaville, Horseshoe Casino, offering entertainment and dining options. Healthcare Hub: Located near UT Health, providing excellent healthcare facilities. Quaint Town Charm: Situated in a small, cute, and quaint town, offering a peaceful and friendly community atmosphere. Economic Powerhouse: Home to major oil and gas companies, including Exxon Mobil, Baker Hughes, Chesapeake Energy, DCP, and Chevron. Industry Presence: Proximity to Tyson Chicken operations, adding to the area's economic diversity. This property represents an amazing investment opportunity with its blend of charm, modern updates, and strong occupancy rates. Don't miss the chance to own this versatile and profitable real estate gem.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 13 | £44.37 | - |
PROPERTY TAXES
| Parcel Number | 9531 | Improvements Assessment | £55,099 |
| Land Assessment | £14,935 | Total Assessment | £70,034 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
Presented by
PatelWillSell
Economy Inn | 335 S Shelby St
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