Investment Available
Purchase Price
$5,250,000
Rehab Budget
$760,000
Stabilized Value
$8,828,680
Stage
Active
Property Description
MKX Good Life is conveniently located right between Austin & Houston with easy access to highways, shopping, dining, and within 2 miles of Texas A&M University (the largest university in America), this motel consists of 116 rooms plus significant common space such as lobby, laundry, storage, maintenance rooms etc. 72 of the rooms contain kitchenettes. East Texas is one of the top rent growth states in America, and this property is located right between all three major Texas cities. The property has a functioning restaurant on-location in order to both draw in tenants as well as produce additional revenue. The city allows for multi-family usage with the zoning designation of C-2 with a conditional use approval. Estimated time for renovations is six months will full lease up within twelve months. The Upon stabilization we anticipate a stabilized value of north of $8.5m.
Property Location
1601 S Texas Ave, Bryan, TX 77802, USA
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Metz Kelly Holdings nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. The opportunities within these pages or documents do NOT constitute offers to sell securities or stock, or solicitations of offers to buy securities or stock. Prospective partners should consult with a tax or legal adviser before making any investment decision.