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1820 South 1st Street
Artesia, NM 88210
Asking Price
$1.93M
Asset Type
Motel Hospitality
Class
Class B
What's Special
34 room hotel in southeastern New Mexico previously operated as an independent hotel. <ul><li>34 Rooms, On-Site Manager's Apartment</li><li>2025 Net Income $277,589 (14% Cap Rate)</li><li>Turnkey: Fully Renovated to Latest Motel 6 Design Standard (Gemini)</li><li>Well-Positioned as the Only Economy Brand in its Market</li><li>Ideal Investment Opportunity for an Owner-Operator</li></ul>
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NOI
$80,000
Cap Rate
4.16%
DSCR
0.70
Underwater
Cash-on-Cash
-5.94%
Monthly Payment
$9,523.85
Annual Cash Flow
$-34,286.196