504-A 5Th St Coleman, TX 76834
This unique Coleman, TX investment opportunity boasts a 10% capitalization rate, making it an ideal addition to any portfolio. The property, located at 504-A 5th Avenue Street, comprises two charming suites, each meticulously designed with Texas rustic flair. The Wrangler suite features a king-sized gel top mattress, while the Longhorn suite offers two queen-sized beds. Both suites share a common aesthetic, incorporating tin ceilings salvaged from an old milk barn, custom-made furniture by a local artist, and local Western art. Each suite includes modern amenities such as a kitchenette equipped with a mini-refrigerator/freezer, microwave, and full-size coffee maker. Guests enjoy the convenience of Wi-Fi, Direct TV on a 45-inch screen, and individual mini-split heating and air conditioning systems. Privacy is ensured by a triple-insulated, soundproofed central wall separating the suites. Situated just six blocks from downtown Coleman, the property offers easy access to local attractions and amenities. Recent upgrades include a new metal roof (July 2024) and metal siding (August 2024). The 672 square foot property sits on a 0.16-acre lot and is priced at $120,000. This turnkey Airbnb is ready for immediate income generation, presenting a compelling opportunity for savvy investors. Start your new business adventure today!
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.