1305 N Tool Drive

    Tool, TX 75143
    • $1,325,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 14307982
    UPDATED: 28 min ago
    $1,325,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:

    School Ratings & Info

    Offered by Bryan Reasor of Jeanette Anderson Real Estate.

    Description

    Fantastic! Occupancy unaffected by Covid 19. Highly profitable and updated motel with weekly and daily rates. Hotel is extremely well maintained and includes 17 Total Units. 10 suites include, 1 queen bed, 1 fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. Studios include, 1 queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager on site can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Winner of best hotel motel for the Cedar Creek Lake Area 2019. Highest rated hotel motel in Cedar Creek Lake area.

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Good Home Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Good Home Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-06-04T13:41:36.157.
    www.thegoodhometeam.com/homes/104338361

    1305 N Tool Drive Tool, TX 75143

    • Price: $1,325,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 14307982
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    2008
    Built
    Neighborhood:
    Royal Oaks Sec 01
    County:
    Henderson
    Area:
    Henderson County
    Property Description
    Fantastic! Occupancy unaffected by Covid 19. Highly profitable and updated motel with weekly and daily rates. Hotel is extremely well maintained and includes 17 Total Units. 10 suites include, 1 queen bed, 1 fold out, full size kitchen, and living area. 4 suites include, 2 beds, full size kitchen and living area. Studios include, 1 queen bed, mini fridge, microwave, and coffee maker. 1 Manager Suite with private garage, full size kitchen, laundry, living area and backyard. Full time manager on site can stay or leave with sale. Extremely high occupancy rate with long term and repeat guests. Winner of best hotel motel for the Cedar Creek Lake Area 2019. Highest rated hotel motel in Cedar Creek Lake area.
    Exterior Features

    Construction Materials Walls Texture Foundation Slab Parking Or Garage Assigned SpacesCommon Lot Roof Metal

    Interior Features

    Ceiling Height 8 To10 Feet Commercial Features Computer ReadyInside StorageLiving AreasSecurity LightingTelephone Flooring CarpetConcreteVinyl Heating OtherWindow Unit Sq Ft Building 12508 Sq Ft Gross 12508 Sq Ft Leasable 12508

    Property Features

    Building Area Source Owner Building Use Hotel/Motel Business Name The Ranch Suites Commercial Zoning Comm Construction Status Preowned Gross Annual Expenses 131705 Gross Annual Income 266111 Inclusions BusinessFurnitureInventoryLand & Improvements Income Expense Source AccountantOwner Leasable Spaces 17 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 133155 Occupancy Rate 90 Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventional Tenant Pays Other Total Annual Expenses Include Accounting/LegalCommon AreaElectricInsuranceLawn CareMaintenanceManagementSuppliesTaxesWater/Sewer/Trash Unexempt Taxes 8211 Utilities City SewerCity Water Will Subdivide Yes

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Good Home Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Good Home Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-06-04T13:41:36.157.
     
    The Good Home Team
    7965 Custer Rd, Ste 125
    Plano TX, 75025
    Offered by Bryan Reasor of Jeanette Anderson Real Estate.