The part that makes this rare
No credit cards, no online booking and no travel-site listings. Adding them is the most direct way to raise occupancy at a motel, and here none of it has been done.
The seller carries a large share of the price as a second-position, principal-only note on a long amortisation with a seven year balloon.
The owner reports no comparable branded property for a long distance in any direction, which makes a franchise flag a realistic option. A large manufacturing plant under construction nearby is expected to bring more than a thousand new jobs.
The full figures are in the package behind the agreement. Buyers should complete their own due diligence.
At a glance
| Property type | Motel44 units |
|---|---|
| Location | Northeast AlabamaExact market disclosed after NDA |
| Purchase price | $2,250,000 |
| Real estate | Included in the pricePlus a second parcel with lobby, office and 1,600 sq ft apartment |
| Seller financing | Second position, principal only, 7 year balloon |
| Down payment to seller | |
| Monthly NOI | |
| Monthly cash flow after debt | |
| Earnest money | Contingent upon lending, appraisal and financing |
Where the upside is
Who this fits
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