Property Overview

Building Summary

  • Year Built 2000
  • Buildings 1 building, 3 stories
  • Room Count 68
  • Amenities Elevator, indoor pool
  • Construction Wood frame
  • HVAC Individual PTAC units
  • Fire Safety Wet and dry sprinklers
  • Price $4,100,000

Investment Highlights

  • — 3 story, interior corridor property with 68 units and elevator: perfect size for owner-operator or frst-time buyer.
  • — Absentee owners present opportunity to increase revenue and reduce expenses with hands-on management.
  • — Strong positioning within competitive set: property is consistently ranked 3rd out of 7 properties for occupancy and ADR.
  • — Centrally positioned to cater to multiple demand streams, including leisure, corporate, and transient traffic

Financial Performance

Room Revenue $1,003,818
Total Revenue $1,026,991
Occupancy 41.5%
ADR $97.28
RevPAR $40.42