STATUS: ACTIVE,
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YEAR BUILT: 1956, MLS #: A10373625, TAX YEAR: 2016
Amazingly successful and established hotel/motel can document (with tax returns) $25,000+ per month real NOI. Net operating income can go as high as $30,000 per month in season. 90-100% occupancy always. Excellent location and condition, 10% cap rate on current numbers, not projected. Address/documentation disclosed upon a signed NDA, attached here.
AMENITIES: CONCRETE BLOCK STUCCO, WALL OR WINDOW AIR CONDITIONER(S), WALL HEATING UNIT(S), LOT SIZE BETWEEN 1/4 AND 1/2 ACRE, PUBLIC WATER SUPPLY,
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