Fort Worth, The Studio 6 in White Settlement/ is an extended
7888 I-30, Fort Worth, TX
The Studio six in White Settlement/Fort Worth is an extended stay hotel. It has 106 rooms with exterior corridors. The property also has a one beds Managers Apartment on site in addition to 106 Rooms. The hotel consists of three floors with each floor averaging about 13,932 sq-ft and and overall square footage of 41,796. For the new owner there is only a minimal PIP to be fulfilled. The hotel offers amenities such as: free parking, free wifi and cable, pets are allowed, twenty-four-hour front desk, and outdoor pool. Property offers a current T12 cap rate of 13.82% and a current cash on cash return of 39% annually. The initial investment payback period is 2.5yrs. Property is currently operated owner absentee and has a great potential to increase revenue with owner operator/investor who can give more attention to operations.
Apartments for Rent
13,932 sq. ft.
Cable or Satellite, Pool