$1,375,000
35 Holland Ave - 13+ BEDROOMS!!!, Bar Harbor, ME 04609
Current Rent **
$10,000+
Projected Rent **
N/A
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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** 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.
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