Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1982
Sq.Footage
N/A
Great location for a very safe investment property, Gross Income over $1.5 Million in 2024, after expenses you get $930,000 dollars, a nice CAP of 9.47% in the cash-to-cash approach. Please do not go without coordinating with listing agent or owners. Do not talk to employees. This is a gold mine, and the seller already got the final approval for a brand new 4 story building, with 87 new keys & 90 elevator parking, add 7,000 Sq Ft of commercial use space for restaurant, coffee shop, etc. NDA is mandatory to get financial information and coordinate inspections. Fast closing desired. Send LOI as soon as possible to listing agent. The cash is there and all the tools for an amazing investment, or perhaps a joint venture may be possible. Marriott Residences are waiting for the new developers.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Construction Materials
Brick, Block
-
Parking
Guest, Valet
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.52
-
Property Type
Commercial Sale
-
Property Sub Type
Hotel/Motel
Price
-
Sales Price
$9,895,000
-
Tax Amount
24000.0
-
Zoning
b-3
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Self Proprietor/Individual
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Other
Elementary School
Middle School
High School
Listing Courtesy of Rodrigo Vilches , United Realty Group Inc
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