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Property Detail

110 Huntsville Rd, Eureka Springs, AR 72632, USA
45 rooms total on 4 levels
$1,950,000

Description

INVESTMENT HIGHLIGHTS

  • 45 rooms total on 4 levels
  •  
  • Price at $114 PSF - less than half the current construction cost
  •  
  • 7.5% Cap Rate
  • 2 bed living quarter on site
  •  
  • Estimated Gross Income at $384,000

AMENITIES

  • Balcony
  • Pool
  • Patio
  • Outdoor Pool
  • Hot Tub

ABOUT 110 HUNTSVILLE RD , EUREKA SPRINGS, AR 72632

Welcome to Ozarka Lodge, a 4 story hotel nestled in Eureka Springs and totaling 45 rooms. Among them are 29 double queen rooms, 11 king rooms, 4 king rooms w/ jacuzzi tub, and 1 double queen room w/jacuzzi tub. Guests can also enjoy relaxing in the pool, that also features convenient access underneath.This property also offers a 2bed living quarter complete with a kitchen,dining room, living room, and private balcony, great for employee housing. Priced at $114.57 PSF, which is less than half the current construction cost. The property is cinder block construction with a metal sloping roof featuring a concrete underlie only 7 to 8 years old. Regular double queen/king rooms rents for $69/night during the week and$79 on the weekends. During peak seasons these same rooms go for $89 on the weekends. For major events, they rent for $139/night. Rooms equipped with jacuzzis rent around$115 or $189 during events.Estimated gross at $384,000,expenses estimated at $239,000, NOI estimated at $145,000 and a7.5%cap rate.

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room45$67.00

 

PROPERTY TAXES

Tim Salmonsen

+1 479-231-1355

Mobile +1 479-366-6737

Specification

General

  • 17020
  • 0.9100
  • Investment
  • Commercial
  • 1985
  • 45

Financials

  • 7.44

Hospitality

Ozarka Lodge

# 446

SKU: 446

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