High Income Property
Hotel for Sale
Long Island, New York
SOLD
|
| |
|
| Lot Size: |
50'X100' |
| |
|
| Building Size: |
42'X60' |
| |
|
| Description: |
First Floor – Restaurant (Long term lease)
Second Floor – 14
units rooming hotel (100% occupancy) |
| |
|
| Income |
Restaurant |
$3,800/month |
$ 45,600 |
| |
14 hotel rooms |
$175/week |
$127,400 |
| |
Total |
|
$173,000 |
| |
|
|
|
| Expenses |
|
Insurance |
$ 8,000 |
| |
|
Fuel |
$ 6,000 |
| |
|
Electricity |
$ 3,000 |
| |
|
Property Tax |
$ 20,000 |
| |
|
Total |
$ 37,000 |
| |
|
|
|
| Net Profit |
|
|
$136,000 |
| |
|
| Financing |
Assumable mortgage $700,000, 10 years at 8%
Other financing available to qualified buyer |
| |
|
| Price |
$1,550,000 |
|
This hotels and motels for sale
web site was designed and is maintained by
|
|
Your #1 source of hotels for
sale and motels for sale
Watch for another hotel for sale coming soon |
|
