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Archived almost 5 years ago

$1,375,000

4.0 rooms 4+ ba 5109 sqft

35 Holland Ave - 13+ BEDROOMS!!!, Bar Harbor, ME 04609

Commercial Commercial

Current Rent **

$10,000+

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

13+ bedrooms in Bar Harbor, ME

Annual NOI appx $100K+ for SIX STRAIGHT YEARS including a big year in 2016. The occupancy rate in that time averages 60% - compare that to similar market comps seeing 90% = opportunity to grow the NOI. The Holland Inn is a 13 guestroom B&B in prime tourist market (monthly revenue shown indicative of an average summer month). Acadia National Park saw over 3.5M visitors in 2018. Inn sits 4 blocks from a famous hiking trail to Bar Island. 3 total buildings, all with cable, WiFi, individual air control, and private baths. Fully sprinklered and updated. Near shops, restaurants, pubs, and access points into the Park. 5 rooms with own balcony or patio, 1 fully handicapped accessible room. A 3 bedroom Colonial home on an adjoining lot has potential to be combined as part of a package deal, but only on separate terms and will not sell individually. Please contact me for details, I am the real estate agent for the seller.

Location:

35 Holland Ave - 13+ BEDROOMS!!!, Bar Harbor, ME 04609

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.