Situated on Business 83 in Weslaco (17,000 AADT), this 58-unit motel sits on 2.21 acres and is ripe for value-add repositioning. As it stands now, there are seven two-story buildings that are comprised of eight small motel rooms, four rooms on each floor (totals 56 0/1s, apx. 270 sf each). There is also one one-story building adjacent to Exp. 83 that has two 1/1s that are both equipped with full kitchens. Lastly, there is a large 2/2 home adjacent to Bus. 83, a portion of which is used as the check-in for motel guests. Although the motel operations are not profitable, it is highly likely that if the property were operated as a traditional apartment complex it would perform well financially. Small kitchenettes could be installed in the efficiencies which would require the least amount of rehab and net the most amount of units, or walls could be torn down and adjacent units merged which would increase the initial investment but would net higher rents on the larger floor plans.
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