Updated almost 12 years ago on . Most recent reply
18 Unit Motel/Rental
Hi guys,
I have a 524,000$ INN estate sale in a B neighborhood. The building is a C/C- and it generates about 272,000$/yr GOI. Weekly and Monthly rentals
The negatives:
Roof is flat and the property is very dated
Attracts hoes (male and female)
Tough to resell without redevelopment of lot (BL Zoning)
The positives:
High cash-flow
Good location
Attracts traveling workers
44k SQFT lot
Common questions to answer:
What is the capital expenditures figure
Are there any service contracts in place
How is it currently managed?