Five Room Motel Apartment With Property
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $48000
Net Profit / Cash Flow $29500
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Owner is retiring.
Description FIVE Unit Motel with Property on Main Road set on 90 x 200 lot (adjoining 1 acre lot also for sale separately for additional units or private home). Absentee owned. In business for over 20 years, never a vacancy. Guaranteed income. Real estate taxes only $9,000. Long term rentals...weekly, monthly, yearly. Could be transitioned into standard motel model. Investment property. Property is available through PMTG Realty. Contact broker today!
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