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25 N LITTLE CHURCH ST
PETERSBURG, VA 23803
Asking Price
$2.35M
Asset Type
Hotel Hospitality
Class
Class B
What's Special
53 Keys | Interior Corridor | Near Petersburg Live! Casino Development <p><span style="color: rgba(17, 65, 89, 1)">Connolly Investments is pleased to present to qualified purchasers the opportunity to acquire the 53-key Motel 6 located at 25 N Little Church Street in Petersburg, Virginia. The property is strategically positioned in the heart of Petersburg, less than one mile from the city center and proximate to major regional demand drivers including Fort Gregg-Adams, Virginia State University, Petersburg National Battlefield, Old Towne Petersburg, and the broader
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NOI
$80,000
Cap Rate
3.40%
DSCR
0.57
Underwater
Cash-on-Cash
-8.44%
Monthly Payment
$11,626.518
Annual Cash Flow
$-59,518.214