3604 McMasters Avenue

About this home

This 43 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 40-unit extended-stay property with a proven track record and strong market appeal.

Property details

County

Marion

Subdivision

Shepherd Place

Lot size

0.52 acres

Garage spaces

0

Days on market

0

Annual taxes

$19,330

Heating

Electric

Cooling

Multi Units, Varies by Unit, Wall/Window Unit(s)

Basement

Unfinished

Appliances

Microwave, Free-Standing Refrigerator

Style

Other

Schools

School district

Hannibal 60

Elementary

Veterans Elem.

Middle

Hannibal Middle

High

Hannibal Sr. High

Location