Completely remodeled 16 room motel/weekly rental facility projected to be 100% occupied by June 1st of this year. Building has been completely remodeled with proper permits. Fire sprinkler system added, 3 new tankless hot water heaters added, inside construction is 100% new as well as most windows have already been replaced. Located in Manatee County with a Sarasota address. This is a free standing building with 5078 square feet and the real estate is included. Current CAP Rate is 9% but can easily be increased to 10% by increasing the under market rental rates. Lender Pre-Qualified! Please refer to listing #3353101927 and ask for Joe Nicolini when inquiring. Thank You!
Out of state owner
Two weeks of training at no cost