Excellent Opportunity to own a multi-revenue property in Brinkley, Arkansas, located halfway between Little Rock and Memphis, Tennessee Consisting of: 40-room Motel 10 apartments Leased restaurant Extra-large room (for rent) The gross revenue for all rental units are 2023: $ 550,000.00 2024: $ 683,000.00 On a case-by-case basis, the first mortgage holder (bank) could be assumed . First mortgage of $1,030,000.00. On a case-by-case basis, there is a COVID loan that can be assumed of $ 130,000.00. Thereby approximately you will need $ 250,000 for purchasing this property. Plus you will need an addition $ 50,000 for working capital plus start up and renovations. A "proof of funds" of at least $ 300,000 will be required. There are a few motel rooms that need renovation (perhaps 8). There are about 4 or 5 apartments needing renovations. Major improvements over past years: - Roof repairs - RFID locks - 25+ AC’s replaced - 3 new split AC for restaurant Buyer's Brokers will be required to be paid by Buyers. Out of town owners seek fast sale.