4902 Wilmington StHouston, TX 77033

For Sale
$599,900

High-Return Motel, Owner Financing Available

Overview

Added:
Dec 11, 2024
Days on market:
93
This 3,405 square foot motel in Houston, Texas, presents a compelling investment opportunity. Located at 4902 Wilmington St, this single-story property sits on a 0.16-acre lot and boasts a strong 2.00% cap rate, generating a net operating income (NOI) of $12,000. Built in 1972, the motel offers a low-maintenance operation with high occupancy rates, making it an attractive prospect for investors seeking immediate returns. The asking price is $599,900, significantly reduced from the previous listing price. Owner financing is available with a $250,000 down payment and monthly payments of $2,000 at a 7% interest rate. The property's APN is 0752000040010. The location has a Walk Score of 63 and a Transit Score of 34. This is a turnkey operation in a busy, high-income area, ideal for those looking to enter the hospitality industry with minimal upfront investment and strong potential for growth. The property's price per square foot is $176.18. This represents a rare chance to acquire a profitable motel with attractive financing terms.

Highlights

  • $599,000; Reduced from $699,000. Owner financing available: $200,000 down, $2,000/month, 7% interest, 3-5 year balloon.
  • Investment property; Specialty motel.
  • Investment sale.
  • 0.16-acre lot.
  • 3,405 square feet.
  • Single-story building.

Property Details for 4902 Wilmington St

Property type
Other specialty properties, Other hospitality properties
Square Feet
3,405 SF
Year Built
1972
Stories
1
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6557281
Longitude
-95.3508052
4902 Wilmington St, Houston, Texas

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4902 Wilmington St
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