Listed by Marlin Realty Group
$1,650,000
Atlantic Shores Motel
Details
Property Type Hospitality
Sub Type Motel
Square Footage 4,231
Keys 12
Cap Rate 10.78%
NOI $177,942
Pro-Forma Cap Rate 12.4%
Pro-Forma NOI $204,600
Price per SqFt $390
Year Built 1954 & 2004
Year Renovated 2018
Buildings 2
Stories 1
Lot Size (SqFt) 15,250
Renovated, Possibilty of 200k down payment , Directly across the street from Ocean
Marketing description
Was 1.95mil..now 1.65mil with POSSIBILITY 200K DOWN.... NET INCOME was reflected at $177,000... RECENTLY UPDATED…Motivated seller!!!! ….Renovated 12 unit Motel Across the street from the ocean..... Great Location South of Dunlaton Ave & A1A in Daytona Beach Shores FL.
Investment highlights
POSSIBILITY OF $200k down..motivated seller
Listing Contacts
Listed by Marlin Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,942.00
$14,828.50/mo
Valuation Metrics
0
DSCR
10.78%
Cap Rate
10.78%
ROI
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