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303 N Highway 123

Karnes City, TX 78118
  • $599,900
  • STATUS: Active
  • ON SITE: 183 Days
  • MLS #: 1521844
UPDATED: 34 min ago
$599,900
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $250
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

School District:

Description

AMAZING investment opportunity in the heart of the Eagle Ford Shale! Motivated seller! IMMACULATELY maintained Star Inn & Suites! Hotel offers 16 rooms to rent, (5-suites, 9-singles, and 2 budget doubles), office, manager suite and commercial size utility room! Property is located in the center of Karnes City! Paved parking accommodates approx. 18 parking spaces for guest! The Star Inn & Suites has a long history in the city of Karnes and maintains a great reputation! This one story, 16 room hotel presents the new investor the opportunity to purchase a well maintained turnkey asset that will require minimal renovations with low-cost operations! Don't hesitate on this great opportunity!

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© 2021 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway Home Services Don Johnson Realtors. Last updated 2021-10-22T07:32:25.173.
www.santosandsandberg.com/homes/116344804
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303 N Highway 123 Karnes City, TX 78118

  • Price: $599,900
  • Status: Active
  • Updated: 34 min ago
  • MLS #: 1521844
0
Beds
0
Baths
0
½ Baths
0.35
Acres
2,400
SQFT
$250
$/SQFT
1940
Built
Neighborhood:
Karnes City
County:
Karnes
Area:
Karnes City
School District:
Karnes City I.S.D.
Property Description
AMAZING investment opportunity in the heart of the Eagle Ford Shale! Motivated seller! IMMACULATELY maintained Star Inn & Suites! Hotel offers 16 rooms to rent, (5-suites, 9-singles, and 2 budget doubles), office, manager suite and commercial size utility room! Property is located in the center of Karnes City! Paved parking accommodates approx. 18 parking spaces for guest! The Star Inn & Suites has a long history in the city of Karnes and maintains a great reputation! This one story, 16 room hotel presents the new investor the opportunity to purchase a well maintained turnkey asset that will require minimal renovations with low-cost operations! Don't hesitate on this great opportunity!
Exterior Features

Construction WoodStone Drive In Doors 0 Foundation Slab Loading Facilities None Rail Service No Roof Metal Total Parking 18

Interior Features

Air Conditioning Window Ceiling Height 8 Heating Window Unit

Property Features

Annual Tax 11974 Approx Age 81 Available With Lease No Building Center Name Star Inn Hotel & Suites City Tax 1683.56 Commercial Type Other: Motel/Hotel/Mh Prk County Tax 628.51 Flood Plain None Gas And Electric 19927 Gross Income 128434 Income Expenses Estimated Insurance 6397 Lease Only No Monthly Lease 0 Net Operating Income 61258 Other Expense 28878 Other Tax 501.07 Potential Short Sale No Proposed Terms Sale OnlyCashConventional Rentals 16 Restrictions Deed Sale Includes BuildingsLandBusinessEquipmentFixtures Sale Rent For Sale School Tax 0 Total Tax 2813.14 Utilities ElectricityGasWaterTelephoneSewerCable Tv Zoning Commercial

Listing provided courtesy of Ruben Cavazos of Texas Premier Realty.


© 2021 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway Home Services Don Johnson Realtors. Last updated 2021-10-22T07:32:25.173.
 
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Berkshire Hathaway Home Services Don Johnson Realtors
16845 Blanco Rd #101
San Antonio TX, 78249