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Property #HM419. Request more information
• 30+ Room Motel For Sale
• California
• Seller Financing Available
• Priced at Less Than $20,000 Per Room
• 20 Rooms, 6 Kitchenettes, & Manager's Quarters
• Great Starter Motel for an Owner Operator
• 5 Income Houses Available with Purchase
• Thu, 07 Jul 2011 02:38:18
Property #HM418. Request more information
• Discounted Hotel
• Indiana
• Former Holiday Inn now goes another name
• The appraisal in 2008 was $16M. (Please use as an indication of approximate value only).
• Discounted strike price is $8M.
• Date: Tue, 21 Jun 2011 18:11:24
Property #HM417. Request more information
• BANK OWNED Motel along with 4 condos
• Cartersville, GA
• Downtown Atlanta
• Condos worth 120K each
• price $480K .
• Wholesale the condos and keep the Motel
• Appraised at 950 k August 2010.
• Motel has 95 rentable rooms
• 163 total rooms and has about 15 year life span left
• Has a pool built in 1973
• $416K total revenue at 35% occupancy.
• Even though occupancy was 40% for half 2010 expenses were 220Kk.
• This leaves a $198K NOI ON AN APARTMENT BUILDING THAT CAN BE PICKED UP 500K
• Total purchase price 980k (Condos plus motel)
• After wholesaling the condos off you still have a 500k property worth $950k.
• Ride with the motel untill it caves in 15 years down the road at 198k a year x 15.
• Wed, 4 May 2011 00:13:54