400 Walcott StJefferson, TX 75657

This exceptional 64-unit hotel in Jefferson, Texas, presents a compelling investment opportunity. Located off Highway 59, this two-story, 2023-renovated property boasts 63 keys and 63 beds, currently operating as an OYO Hotel. The property offers a strong current NOI of $262,894, with a pro-forma NOI projected at $400,000, yielding a 7.00% cap rate. The asking price is $1,450,000, representing a price per key of $25,396.83. The property includes an on-site apartment, ideal for owner-operators or property managers. Its prime location near tourist attractions like Caddo Lake and the Jefferson Railway ensures consistent occupancy. The property's multi-family conversion potential offers significant upside, making it an attractive investment for both hospitality and real estate investors. The property is offered at 100% ownership and is in excellent condition, ready for immediate operation. This turnkey operation presents a rare opportunity to acquire a high-cash-flow asset with significant growth potential in a thriving Texas market. The property is classified as Class C and is sold as an owner/user investment. The building consists of one structure with a total of 64 units.