Listed by Marlin Realty Group
$5,777,000
SandCastle Motel
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 20,323
Keys 32
NOI $515,376
Occupancy 72%
Year Renovated 2024
Buildings 2
Stories 3
Lot Size (SqFt) 27,000
Investment Type Value Add
Hospitality Oceanfront | 32 Keys NOI approx. $515,376 MAKE OFFER!
Marketing description
Motivated Seller………BEST AREA & IDEAL LOCATION just south of A1A and Dunlawton Ave…This is where you want to be…Direct Oceanfront Motel with consistent Gross Revenue and High occupancy. Brand New Seawall just installed as well as a Brand New TPO Roof. Lots of returning guests for the last 25 years!. Turnkey staff in place with onsite property live in manager who treats the property like his own. Ideal for an out of the area investor. All information to be verfied by potential buyer as always. Possiblitility of private financing at 5% Interest. NOI with addbacks $515,376.00
Investment highlights
MOTIVATED SELLER...MAKE OFFER! Direct Oceanfront Motel, New Seawall, New TPO Roof
Listing Contacts
Listed by Marlin Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$515,376.00
$42,948.00/mo
Valuation Metrics
0
DSCR
8.92%
Cap Rate
8.92%
ROI
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