Apartment Buildings, Investment Properties and Commercial Real Estate World Wide

Waterloo ( Ontario, CA - N0B1K0) Built

$5,500,000
UPSCALE MOTEL for sale

Teren Realty Corp,

Enio Tersigni,  FRI, ARM, CRES Enio Tersigni, FRI, ARM, CRES (416) 587-0887 (Office) (416) 587-0887 (Office) Request More Info

  • 2 Hours from Toronto
  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built

Description

** Location and pictures are not an accurate representation of the property. Buyer must do full due diligence. **


** Please EMAIL: soldwithsunny@gmail.com
Include Your
1) Name
2) phone number
3) Email address
4) How much you have to invest


APPROX 10% CAP RATE,

MOTEL income approx $830,000 to $905,000 per year (as per seller)

Approximate fixed expenses are $280,000/- and could be a little less depending on the style of someone’s individual operation.
• Not included are expenses like owner’s gas, car lease, car insurance, wages for owners and some equipment which is not an ongoing expense.
• Internet, Telephone and HD TV are now all clubbed and served by Eastlink.
• Wages are set up with a Payroll company.
• Sales are by direct business contacts, repeat business, Reservations on Company website, Expedia.com, Booking.com, VRBO, AIR BNB and Trip Advisor, all with fantastic genuine reviews.

Attachments

Brokered and Advertised by : HomeLife Galaxy Real Estate Ltd., BROKERAGE
P2#384196214
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Information is deemed to be correct but not guaranteed.

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