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 square 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, 24hr 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 2.5 yrs. 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