Description
What a rare opportunity to walk into a turn key business that is yielding such a high return and runs from 90-100% weekly/monthly occupancy year round. This is the Belvedere Hotel boarding house. This is a 51 SRO with 7 bathrooms and 6 efficiency apartment building/business. The hotel is wired for high speed internet throughout, and has cameras covering common areas. Many upgrades to the individual units, mechanical services and buildings. Two state licenses are transferrable with the sale. Seller has excellent relationships with several State Agencies that provide tenants. Seller will stay on to train new owner on the operation of the Boarding House. Too much to list. Great profitabilty!
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0BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
What a rare opportunity to walk into a turn key business that is yielding such a high return and runs from 90-100% weekly/monthly occupancy year round. This is the Belvedere Hotel boarding house. This is a 51 SRO with 7 bathrooms and 6 efficiency apartment building/business. The hotel is wired for high speed internet throughout, and has cameras covering common areas. Many upgrades to the individual units, mechanical services and buildings. Two state licenses are transferrable with the sale. Seller has excellent relationships with several State Agencies that provide tenants. Seller will stay on to train new owner on the operation of the Boarding House. Too much to list. Great profitabilty!
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Gloria Nilson & Co Real Estate. Data last updated 2023-10-02T17:23:04.023.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Wendy Crispe of Re/Max Homeland West: 609-208-1800.