2090 RICHMOND ST

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2090 RICHMOND ST

MOUNT VERNON, KY 40456
Asking Price
$2.29M
Asset Type
Hotel Hospitality
Class
Class B

What's Special

Baymont Inn & Suites Mount Vernon, I-75 Hotel Investment Opportunity Adjacent to Renfro Valley <ul><li>​Strategically located off I-75 (Exit 62), nearest hotel to KY Music Hall of Fame & Museum along with other attractions. Means … market generators to provide room demand to maximize room revenues.</li><li>​Best hotel at exit with some room renovations and exterior paint. Means … improve online ratings and drive ADR growth still dominate the market.</li><li>​Digital marketing push. Enhance use of online travel agents, social medial and review management. Means … improved revenues and p

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NOI
$80,000
Cap Rate
3.49%
DSCR
0.59
Underwater
Cash-on-Cash
-8.17%
Monthly Payment
$11,354.408
Annual Cash Flow
$-56,252.894

Location & Travel Times