1144 Prt Dr Port Mansfield, TX 78598
This fully operational Port Mansfield, Texas motel presents a unique investment opportunity. Priced at $450,000, this well-maintained property boasts 24 hotel rooms and 3 two-bedroom condos, offering diverse accommodation options. Guests enjoy a range of amenities including a fully stocked guest kitchen, covered barbeque area with grills and picnic tables, a fitness room with an extra restroom, laundry services, and ample outdoor seating. The property benefits from 24-hour operation, resulting in a discounted electricity rate. Significant renovations were completed in 2020, encompassing the relocation of water heaters, replacement of bedroom floor joists (in 9 of 12 ground-level bedrooms), installation of new windows, doors, flooring, and light fixtures, a plumbing upgrade from PVC to PEX, and provision of new beds and TVs. Further upgrades to laundry units were implemented in 2023. Located at 1144 Port Dr, Port Mansfield, TX 78598, this established business offers immediate income potential and a strong return on investment. The property's prime location and extensive recent upgrades make it an attractive proposition for discerning buyers. This turnkey operation is ready for a new owner to continue its success. The property was built in 1982 and is situated in Willacy County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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