The story of the deal
Bought abandoned. Rebuilt in 30 days. Performing and accelerating.
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2024 · Acquisition
Purchased abandoned for about $275,000
A hundred-year-old building on Main Street, dark and empty, one block off I-35.
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2024 · Renovation
About $135,000 of renovation, in roughly 30 days
New flooring, bathrooms, paint, furniture, TVs, and mechanicals across all 20 rooms and the common areas. The full before/after is documented and included in the financial package.
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July 2024 · Reopening
Reopened with modern systems from day one
Cloudbeds PMS, smart locks throughout, property-wide wifi, documented staff processes, and an on-site manager model. It runs like a business, not a project.
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2025–2026 · Performance
T12 NOI of $69,333, up 70% year over year
Revenue of $158,968 over the trailing twelve months, with the growth curve still climbing. Every figure comes straight from the P&L and is verifiable in diligence.
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Now · Why selling
The owner is redeploying into multifamily
No hidden problem, no distress, a portfolio decision. The same discipline that documented the renovation and the books is what makes this a clean purchase.
Room mix: 20 units (19 rooms plus owner’s residence)
| Rooms | Type |
| 101–103 | Double |
| 104, 106, 109 | Queen |
| 105, 107 | Queen, ADA accessible |
| 108, 201–210 | Two Doubles |
| Apartment | Owner’s residence |
A hundred years on Main Street
The building has stories. The books have numbers.
The structure is roughly a century old, and locals tell it as a railroad hotel on the line between San Antonio and Laredo.
“Local legend says Bonnie and Clyde stopped here.”
History as told locally, offered as character, not as a representation. You’re buying the NOI; the story comes free.