Possible Owner Financing For Motel
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $125250
Net Profit / Cash Flow $43288
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1978
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Owner passed away.
Description Grundy, Virginia, AFFORDABLE HOTEL FOR SALE WITH A 9 CAP RATE, FOR YOU TO OWN! Located in Grundy,Virginia this 38 room motel. Offered $300,000 at which is the current appraised value (done Feb. 2009). Situated on approximately 1.33 acres, 13,980 square, Situated near Law School and Pharmacy School. This property generates gross 125,250 annually. Net Gross is 43,288 annually. This property has a history of a great cash flow! A GREAT INVESTMENT AND A GOOD CANDIDATE FOR A 1031 TAX EXCHANGE OR CONDO CONVERSION AS THERE IS LITTLE OFF CAMPUS HOUSING. THIS IS A REAL MONEY MAKER!
Location is: 19587 Riverside Drive Grundy Va 24914. Offered at: $350,000.
Current room rentals are: 19 Double rooms at $53.39 a day. 10 Singles at $42.69. 2 Deluxe Singles at $47.08. 6 Kings at $53.39 a day. 1 Suite at $60.00 a day.
MLS #: Anchor Inn in Grundy Virginia, Owner Financing Possible, Wonderful Investment!
Price: $350,000.
Type: Commercial Properties
Area/County: South West Virginia
Address: 19587 Riverside Drive
City: Grundy
State/Zip: VA/24914
Click Here To Contact Seller
|
|