Brinkley is located halfway between Memphis, Tennessee, and Little Rock, Arkansas.
As such, this motel is an excellent lay over lodging for travelers, sales people and the like.
It is also a convenient place for duck hunters and farm workers.
Next door is a large gas station and fast-food restaurant.
The motel is currently an unbranded motel, but is has been a branded motel in the past.
The upside revenue of this motel is unlimited.
However, this motel does need work.
Some of the rooms, before they can be rented, they need renovations.
And some more of the rooms, need more extensive renovations.
More repairs are required on the exterior on the motel, such as some type of improvements of the driveway and signage.
Roughly, you should be prepared to expend a $ 100,000 sometime after purchasing the motel.
The out-of-town owners are looking for an all-cash buyer to take over this property sooner than later.
The property has been for sale previously but a higher price. The owners now feel that the asking price of $ 775,000 is now realistic and represent a fair market value, especially with a gross of over $ 300,000.
The owners are motived!!!
But please don’t waste anyone’s time with asking for owner financing. Further don’t waste anyone’s time with a ridiculous low offer.