3698 US-40
- Stabilized Cap Rate of 10.5%
- Price per Key $84k, significantly lower than replacement cost
- In place 3.1x RRM
- 90% RevPAR Comp Set Index
- Cash of Cash projection 26.6%, return of down payment capital in 3.75 years
Property Description
Introducing a prime investment opportunity in the Oakley area. This property boasts 62 well-appointed units, originally built in 2009 and tastefully renovated in 2016. With a remarkable stabilized Cap Rate of 10.5% and a competitive Price per Key of $84k, this investment offers exceptional value with a significantly lower than replacement cost. The property's in-place 3.1x RRM and impressive 90% RevPAR Comp Set Index underscore its strong financial performance. Additionally, the attractive Cash on Cash projection of 26.6% and the potential for a return of down payment capital in just 3.75 years make this a compelling investment opportunity for discerning investors in the hospitality/limited service sector.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| No. of Units: | 62 |
| Year Built: | 2009 |
| Lot Size: | 2.60 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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