1412 Fayette Ave Effingham, IL 62401-1915

This exceptional investment opportunity presents a dual-branded Motel 6 and Studio 6 property located in Effingham, Illinois, at 1412 W Fayette Ave, zip code 62401. The property boasts 104 keys spread across a two-story building constructed in 1975. The motel enjoys a prime location with high visibility from two signs, situated off a major interstate exit. Recent capital expenditures have significantly enhanced the property, including a complete renovation of all Studio 6 rooms to Gemini PIP standards. Other upgrades include partial roof replacement, parking lot sealant, exterior painting, new lobby counters, and exterior walkway repairs. The property features exterior walkways and a well-appointed lobby. Available truck parking adds to its appeal. Financially, the property demonstrates strong performance. Room revenue for 2023 reached $1,237,877, with trailing twelve-month (TTM) room revenue as of July 2024 totaling $1,766,993. The motel's strategic location at the crossroads of Interstates 70 and 57 ensures consistent traffic and high occupancy rates. This presents a compelling investment opportunity in a thriving hospitality market. The asking price for this well-maintained and upgraded property is $4,000,000. The property consists of 65 Motel 6 units and 39 Studio 6 units.