Listed by eXp Realty Orlando
$2,900,000
American Inn
Details
Property Type Hospitality
Sub Type Motel
Square Footage 14,000
Keys 29
Cap Rate 11.76%
NOI $341,000
Pro-Forma Cap Rate 13.79%
Pro-Forma NOI $400,000
Price per SqFt $207
Hospitality | 11.76% CAP | 29 Keys
Marketing description
American Inn is a 29 Unit Motel located just minutes from the Halifax River. The motel is currently being operated as an extended stay with rooms renting weekly. Included in the sale is an acre lot in the back that additional units can be developed on worth 350,000. There are clean financials and this will qualify for a commercial or sba loan.
Listing Contacts
Listed by eXp Realty Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$341,000.00
$28,416.67/mo
Valuation Metrics
0
DSCR
11.76%
Cap Rate
11.76%
ROI
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