Details
Address:19587 Riverside DriveType:ResidentialStyle:Single StoryLot Type:Rectangular
Description
AFFORDABLE HOTEL WITH A 9 CAP RATE, FOR YOU TO OWN! Located in Grundy,Virginia this 38 room motel. Offered $350,000 at which is the current appraised value (done Feb. 2009). Situated on approximately 1.33 acres, 13,980 square, Situated near Law School and Pharmacy School. This property generates gross 125,250 annually. Net Gross is 43,288 annually. This property has a history of a great cash flow! A GREAT INVESTMENT AND A GOOD CANDIATE FOR A 1031 TAX EXCHANGE OR CONDO CONVERSON AS THERE IS LITTLE OFF CAMPUS HOUSING. THIS IS A REAL MONEY MAKER! Owner financing available.
Listings
