Listed by NAI Excel
$1,220,688
Classic Inn
Details
APN 029264010000
Property Type Hospitality
Sub Type Hotel, Full Service
Square Footage 11,072
Keys 29
Cap Rate 8.00%
NOI $97,655
Tenancy Single
Year Built 1957
Buildings 1
Lot Size (SqFt) 22,079
Zoning C3
Investment Type Stabilized
Hospitality | 8.00% CAP | 29 Keys
Marketing description
This 11,072 SF, 29-unit property in Red Bluff, CA, built in 1957, presents a compelling opportunity for hospitality and full-service investors. Ideally situated in the heart of Red Bluff, the property offers strong potential for investors seeking a stable foothold in the hospitality market.
Investment highlights
- 29 Rooms | 5 Rooms Renovated
- Brand New Flooring Throughout Entire Property
- Lease 1.5 Years Remaining with 2% Annual Rent Increase
- Seller Covers Property Tax and Insurance
Listing Contacts
Listed by NAI Excel
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,655.00
$8,137.92/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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