20 UNITS MOTEL FOR SALE AT NORTHEAST OF FLORIDA

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Description

This motel indeed has a lot of potential for various business opportunities! The manager’s apartment, a one-bedroom apartment, and a restaurant on the premises have multiple avenues for generating income. The flexibility to rent out the restaurant or convert it into another apartment adds to its appeal.

The weekly and monthly rental rates you mentioned seem reasonable, and with some management improvements and maintenance, there’s room to increase profitability. A 60-70% occupancy rate is solid but leaves room for growth, suggesting there’s potential to attract more guests.

It is a good investment opportunity in the hotel/motel industry where each room can be renovated to generate higher revenue, making it attractive for small investors to enter the market. Upgrading rooms to increase earning potential is a common strategy in the hospitality industry. However, before diving in, investors should carefully consider factors like location, market demand, renovation costs, operational expenses, and potential returns on investment. Conducting thorough market research and financial analysis ensures the investment aligns with your goals and risk tolerance.

Entering the hotel/motel business at an entry-level with this property could be an exciting opportunity for someone looking to get started in the hospitality industry. For those interested in learning more, contacting the Vip Commercial Team directly at 407-453–3415  & seems like the next step to gather more information and potentially explore this opportunity further.

Please do not disturb any tenants or motel employees. An appointment is a must. Anyone without an appointment will be immediately trespassed from the motel.

Property Id : 22645
Bedrooms: 20
Bathrooms: 20

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    We recommend rent

    Rental Income $16,076.00 / $192,920.00 per Yr
    Investor Price $995,000.00
    Closing Costs to Buy $16000.00
    Rehab Projection $195,000.00
    Utilities $12500.00
    Property Insurance $15000.00
    Estimated Taxes $7500.00
    Property Management $23000.00
    Maintenance $10.000.00
    HOA Dues $0

    $1,08,920.00

    Projected Income

    10.94%

    Estimated APY

    After Repair Value $1,500,000.00
    Investor Price $995,000.00
    Closing Costs to Buy $20,000.00
    Rehab Projection $200,000.00
    Utilities $12000.00
    Closing Costs to Sell $96,000.00

    $1,77,000.00

    Projected Income

    11.8%

    Estimated ROI

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Vipin Shah – Licensed Real Estate Agent Commercial Director
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