Inn Dependence Motel
3307 Us Highway 90a E, Gonzales, TX
28.86% return
SP:
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Property Description

INSANE OPPORTUNITY!! BEAUTIFUL MOTEL/EXTENDED STAY!!! 

53 rooms, office, swimming pool, laundry. Building is renovated and is in excellent condition. All concrete. City water and sewer. Will easily rent for $200-250 a week or 45-55 per night. Only $28k per unit!!! Located in the fastest growing state, near some of the fastest growing cities in the nation!!! Only an hour away from Austin, TX and San Antonio, TX. Two hours away from Houston, TX. Full one bedroom managers unit. 28% NET RETURN ON INVESTMENT WITH $45 A NIGHT RATE AND 30% AVERAGE VACANY!!!!! Wi-Fi is in place throughout the building. Won't last at this price. Insane opportunity in todays market. 

Financing is available!!! Call us NOW!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units53
  • Total bedrooms0
  • Total bathrooms53
  • Building size16256 sq. ft.
  • Lot size1.3 acres
  • Year built1960
  • CountyGonzales County
  • Subdivision
  • ConstructionCBS
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWall unit
  • CoolingWall A/C

Property Financial Summary

  • Sale price $1,499,000
  • Estimated rehab 1 $100,000
  • Total investment $1,599,000
  • Type Proforma
  • After repair value $1,999,000
  • Potential profit $400,000
  • Gross income (annually) $960,700
  • Operating expenses (annually) $499,231
  • Net income (annually) $461,469
  • Gross return 60.08%
  • Gross income (monthly) $80,058
  • Operating expenses (monthly) $41,603
  • Net income (monthly) $38,456
  • Net return 28.86%

Property Income & Expenses

  • Income
  • Laundry Income $558/month $6,700/year
  • Unit 1: studio / 1 bath $1,500/month $18,000/year
  • Unit 2: studio / 1 bath $1,500/month $18,000/year
  • Unit 3: studio / 1 bath $1,500/month $18,000/year
  • Unit 4: studio / 1 bath $1,500/month $18,000/year
  • Unit 5: studio / 1 bath $1,500/month $18,000/year
  • Unit 6: studio / 1 bath $1,500/month $18,000/year
  • Unit 7: studio / 1 bath $1,500/month $18,000/year
  • Unit 8: studio / 1 bath $1,500/month $18,000/year
  • Unit 9: studio / 1 bath $1,500/month $18,000/year
  • Unit 10: studio / 1 bath $1,500/month $18,000/year
  • Unit 11: studio / 1 bath $1,500/month $18,000/year
  • Unit 12: studio / 1 bath $1,500/month $18,000/year
  • Unit 13: studio / 1 bath $1,500/month $18,000/year
  • Unit 14: studio / 1 bath $1,500/month $18,000/year
  • Unit 15: studio / 1 bath $1,500/month $18,000/year
  • Unit 16: studio / 1 bath $1,500/month $18,000/year
  • Unit 17: studio / 1 bath $1,500/month $18,000/year
  • Unit 18: studio / 1 bath $1,500/month $18,000/year
  • Unit 19: studio / 1 bath $1,500/month $18,000/year
  • Unit 20: studio / 1 bath $1,500/month $18,000/year
  • Unit 21: studio / 1 bath $1,500/month $18,000/year
  • Unit 22: studio / 1 bath $1,500/month $18,000/year
  • Unit 23: studio / 1 bath $1,500/month $18,000/year
  • Unit 24: studio / 1 bath $1,500/month $18,000/year
  • Unit 25: studio / 1 bath $1,500/month $18,000/year
  • Unit 26: studio / 1 bath $1,500/month $18,000/year
  • Unit 27: studio / 1 bath $1,500/month $18,000/year
  • Unit 28: studio / 1 bath $1,500/month $18,000/year
  • Unit 29: studio / 1 bath $1,500/month $18,000/year
  • Unit 30: studio / 1 bath $1,500/month $18,000/year
  • Unit 31: studio / 1 bath $1,500/month $18,000/year
  • Unit 32: studio / 1 bath $1,500/month $18,000/year
  • Unit 33: studio / 1 bath $1,500/month $18,000/year
  • Unit 34: studio / 1 bath $1,500/month $18,000/year
  • Unit 35: studio / 1 bath $1,500/month $18,000/year
  • Unit 36: studio / 1 bath $1,500/month $18,000/year
  • Unit 37: studio / 1 bath $1,500/month $18,000/year
  • Unit 38: studio / 1 bath $1,500/month $18,000/year
  • Unit 39: studio / 1 bath $1,500/month $18,000/year
  • Unit 40: studio / 1 bath $1,500/month $18,000/year
  • Unit 41: studio / 1 bath $1,500/month $18,000/year
  • Unit 42: studio / 1 bath $1,500/month $18,000/year
  • Unit 43: studio / 1 bath $1,500/month $18,000/year
  • Unit 44: studio / 1 bath $1,500/month $18,000/year
  • Unit 45: studio / 1 bath $1,500/month $18,000/year
  • Unit 46: studio / 1 bath $1,500/month $18,000/year
  • Unit 47: studio / 1 bath $1,500/month $18,000/year
  • Unit 48: studio / 1 bath $1,500/month $18,000/year
  • Unit 49: studio / 1 bath $1,500/month $18,000/year
  • Unit 50: studio / 1 bath $1,500/month $18,000/year
  • Unit 51: studio / 1 bath $1,500/month $18,000/year
  • Unit 52: studio / 1 bath $1,500/month $18,000/year
  • Unit 53: studio / 1 bath $1,500/month $18,000/year
  • Total $80,058/month $960,700/year
  • Expenses
  • Property Management $1,500/month $18,000/year
  • Property Taxes $1,407/month $16,885/year
  • Insurance (estimated) $1,000/month $12,000/year
  • Water and Sewer $1,100/month $13,200/year
  • Gas Utility Bill $78/month $936/year
  • Waste Collection $300/month $3,600/year
  • Cable and internet bill $1,200/month $14,400/year
  • Electric bill $3,400/month $40,800/year
  • Maintenance reserve $3,000/month $36,000/year
  • Vacancy Loss $24,018/month $288,210/year
  • Housekeeping $4,000/month $48,000/year
  • Supplies $600/month $7,200/year
  • Total $41,603/month $499,231/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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