Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
17,600
This 43 - 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 40-unit extended-stay property with a proven track record and strong market appeal.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
17496.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Multi Units, Varies by Unit, Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Brick Veneer, Concrete, Frame, Glass, Other, Plaster
-
Other Exterior Features
Awning(s), Balcony
-
Parking
Common
-
Patio and Porch Features
Awning(s), Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.52
-
Lot Size(square feet)
22,651
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$1,500,000
-
Tax Amount
$19,330
-
Sq. Footage
17,600
-
Price/SqFt
$85
HOA
-
Association
No
School District
-
Elementary School
Veterans Elem.
-
Middle School
Hannibal Middle
-
High School
Hannibal Sr. High
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter, Stone
-
Ownership
Private
-
Senior Community YN
NO
-
Water Source
Public
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Location
County
Marion
Elementary School
Veterans Elem.
Middle School
Hannibal Middle
High School
Hannibal Sr. High
Listing Courtesy of Ryan Farber, Compass Realty Group
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Agent / Realtor®
Erica Holtschneider
Call Erica today to schedule a private showing.
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