1412 W Fayette Ave Effingham, IL 62401

This exceptional investment opportunity presents a 104-unit Motel 6/Studio 6 property located in Effingham, Illinois. Strategically situated off a major interstate exit, the two-story motel boasts high visibility thanks to prominent signage. The property features exterior walkways and a recently updated lobby. Significant capital expenditures have been made, including the complete renovation of all Studio 6 rooms to the Gemini PIP Standard. This upgrade, coupled with the property's prime location near the crossroads of Interstates 70 and 57, ensures a steady stream of travelers. The property also offers convenient truck parking. Financial performance demonstrates strong growth, with 2023 room revenue reaching $1,237,877 and July 2024 trailing twelve-month (TTM) room revenue at $1,766,993. The thriving Effingham market, close to attractions like Lake Sara, TREC Calico Trail, and the Effingham Performance Center, further enhances the investment potential. Recent capital improvements include a partial new roof, parking lot sealant, exterior paint, new lobby counters, and exterior walkway repairs. This well-maintained property offers a compelling opportunity for hospitality investors seeking a strong return on investment in a vibrant commercial hub. The property's size is 20,965 square feet on a 4.73-acre lot.