This 45 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 45-unit extended-stay property with a proven track record and strong market appeal.
Listed By
Agency Name: Compass Realty Group
Shown By
Agency Title: RedKey Realty Leaders
Agency Phone: 314-692-7200
Estimated Payment
$ 10,220.54 per month $8,172.21 Principal & Interest $1,610.83 Property Tax $437.50 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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3604 Mcmasters Avenue | MLS# 26064691
This multi-family property located at 3604 Mcmasters Avenue, Hannibal, MO 63401 is currently listed for sale with an asking price of $1,500,000. Mcmasters Avenue is located within the Hannibal 60 school district. Search Hannibal real estate on www.redkeystlouis.com today.