Paradise Inn Of Naples-All Cash business with real estate
$3,600,000
4520 Gulfstream Drive Naples, FL 34112
This is a carousel gallery, which opens as a modal once you click on any image. The carousel is controlled by both Next and Previous buttons, which allow you to navigate through the images or jump to a specific slide. Close the modal to stop viewing the carousel.
To navigate the horizontal menu, use the arrow keys. For VoiceOver on iOS, swipe left or right with one finger.
About this listing
Rare find Motel just minutes from world famous downtown Naples 5th avenue and the beach. This is your chance to operate a fantastic virtually absentee 14 Unit motel consisting of 14 fully renovated units consisting of 4 large 1 bedroom and 10 efficiency suites all with fully Kitchens and New designer baths flat screen TV's and on site Coin-op laundry.
Property presently has long term tenants in place. A virtual cash cow with a 5% Cap rate current tenants are paying CASH rent on a weekly basis.
This Motel can be easily converted to Air BNB; and or daily resort rental which would dramatically increase revenue and present a possible 12% + pro-forma Cap rate.
State of the Art video surveillance system. New insulated hurricane windows and commercial gauge 50 year life span metal roofs installed in 2007, seamless gutters, brick pavers and new $26,000 electrical upgrade
GREAT FAMILY BUSINESS.
-
Cap Rate
5%
-
Pro Forma Cap Rate
12%
-
Building Size
6,029 sqft
-
Lot Area
0.5 acres
