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FLORIDA LUXURY WATERFRONT REAL ESTATE
712-363-1099

Florida Luxury Homes For Sale /  

CASH COW MOM AND POP MOTEL FOR SALE/LEASE - 22.6% CAP!

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HOTEL DEAL OF THE WEEK

OFF-MARKET GRAND OPPORTUNITY; LOCATED NEAR MELBOURNE, FL (EAST COAST)

$1,125,000 FIRM - 22.6% CAP

**LEASE OPTION AVAILABLE**

12 UNIT MOTEL WITH UPGRADED ROOMS

 

LOCATED ALONG U.S. 1, 20,000 CARS DAILY

VERY LOW EXPEDIA USAGE

EXTERIOR CORRIDOR

CURRENTLY HAS A $262,000 GROSS & $214,000 NET AS AN INDEPENDENT WITH A FUNCTIONING CAP OF 19%. (ON ONLY 11 OF 12 ROOMS)

CURRENT ESTIMATES SHOW 2018 @ $300,000 GROSS & $255,000 NET WITH A 22.6% CAP RATE

 

TREMENDOUS VALUE AND OPPORTUNITY TO ADD AN ADDITIONAL 3 UNITS AT LOW COST, WORK AS ALREADY BEGAN ON THE 3 UNIT EXPANSION.

ADR $75.00/PER NIGHT ALL YEAR @ 83% OCCUPANCY. NASA EMPLOYEES RENTING MULTIPLE ROOMS MONDAY-THURSDAY

FRIDAY-SUNDAY ADR $89.99 THROUGHOUT THE YEAR.

11 ROOM OPERATING GROSS $262,000 - NET $214,000

12 ROOM OPERATING GROSS $283,000 (1 ROOM/$400 WEEK X 52 WEEKS = $20,800) - NET $235,000

PIP IS 3 ROOM INEXPENSIVE EXPANSION TOTALING 15 ROOMS. $400 WEEK PER ROOM X 15 ROOMS = $6000 PER WEEK X 52 WEEKS = $312,000 GROSS & $264,000 NET

OR

15 ROOMS X $75.00 ADR = $1125 PER DAY X 303 DAYS (83% OCCUPANCY)= GROSS $341,000 - NET $293,000 (26% cap)

100% OCCUPANCY = $1125 X 365 DAYS = GROSS $411,000 - NET $363,000 (32.3% cap)

NEW CAP 32.3% (If property improvement plan is followed as outlined)

"TREMENDOUS VALUE ADD"

FREE BEAUTIFUL 3/2 HOME THAT IS FULLY RENOVATED - INCLUDED IN THE PURCHASE PRICE AND OR LEASE AGREEMENT (SEE PICTURES BELOW)

 

Please CLICK HEREto download and sign a confidentiality agreement prior to calling or emailing.

LUCAS LAMOUREUX, REALTOR, B.A.

 

CELL: (712)-363-1099

Email: soldwithlucas@gmail.com

Daytona Beach, FL 32118

Ranked #1 in the World 2011 (EXIT Realty Corp International)

Ranked Top #10 in the World 2012 (EXIT Realty Corp International)

 

www.soldwithlucas.com





All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Daytona Beach Area Association of REALTORS (updated 9/25/18) , My Florida Regional MLS (updated 9/25/18)
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Aswin Suri Real Estate
552 N Oleander Ave
Daytona Beach, FL 32118
 
712-363-1099