ATTENTION OUT OF TOWN INVESTORS! GREAT CAP RATES IN CLEVELAND ! 18.61% PORTFOLIO PACKAGE CAP RATE! --->PLEASE DOWNLOAD THE ATTACHED FINANCIALS AND CASH FLOW ANALYSIS WHICH WILL GIVE YOU A MORE COMPLETE PICTURE<-------- Are you ready to get into the real estate game? Want to own your own INSTANT rental empire? Complete landlording business “in a box” with salaried w-2 property manager being paid $1400/month and very happy with that. Ideal for out of town absentee landlord who wants to get into the real estate game. Reason for selling:pursuing other business opportunity. ALL CASH OFFERS ONLY. NO BANK FINANCING ACCEPTED. TOTAL STRUCTURES:11 TOTAL UNITS:20 units over 11 structures ASKING PRICE:$495K Can be run as an absentee and out of town business. Single employee onsite manages everything. own a portfolio of completely rented properties with guaranteed government Section 8 rent on the "West Side" of Cleveland. The total number of structures is 11 with 20 total units. This is enough to employ ONE full time property manager who I have on board right now and knows every single property and can manage the tenants well. She is super diligent and pays very close attention to detail. Our property manager is awesome and does a great job of running everything "turn key". She will stay in daily contact with you and handle all of the tenants for you. If you already own other properties, she can manage those for you as well. This portfolio of properties will only be sold as a package deal so that this property manager can retain her full time position managing these properties. Ideal for an “out of town” landlord. We have predominantly Section 8 tenants with a mixture of CMHA and Eden tenants. We have some private pay tenants as well, all of whom are paying their rent on time. Rent will be sent electronically by ACH deposit for the Section 8 tenants directly to your bank account. There are some small copays the tenants make. Our employed property manager goes to meet with each tenant each month and collect these copays. At the same time she gets “eyes on the property” several times each month. Our property manager knows the whole CMHA and Eden process and often goes down to Eden and CMHA offices to submit paperwork, make adjustments and clarifications. She can teach you the whole process of Section 8 rentals and manage it all for you. Our property manager is “on call” for our tenants 24/7 and responds quickly to all tenant and property issues. You will NOT find another portfolio like this that comes with an employed property manager making the whole business “turn key”. Many of the properties are NEWLY REHABBED and we can provide contractors invoices/receipts and we can introduce you to the contractor who did all the work and can answer any questions you may have. I can show you the ropes and the whole portfolio runs on autopilot with the single employee managing everything. All you have to do is provide some basic supervision and collect the monthly rental income.
Parcel Size 5.37 Acres or 234,750 square feet. Subdivided into three parcels Lot A has 4.23 acres or 184,250 square feet Lot B has .92 acres or 40,000 square feet Lot C has .24 acres or 10,500 square feet Buildings Inn 7,200 sq.ft. Inn has 13 guest rooms, 11 with private baths. In addition to the guest bathrooms there are 3 other public baths. Inn was started as a homestead home in 1925. It has been extensively remodeled and added to since then. Most of the major work has been done by the seller in stages since 1987. Last job in 2012 was a complete remodel of the kitchen area. All up to code and fire Marshall approved. The old work on the Inn is concrete and treated pilings with treated perimeter walls added later. New foundation work is treated perimeter stub walls on concrete footings. The Inn has 1,000 square feet of covered decks. House 3 floors with attached heated garage. Total square footage without garage is 2697, with garage 3075. 1st floor is 852 square feet. Includes mud room, 2 bed rooms and full bath, covered front and back porches. This is the 2 room suite rented as a guest room. 2nd floor is 1120 square feet. Includes kitchen, dining, living rooms, 2 bed rooms and full bath. 3rd floor is 720 square feet and includes 3 bed rooms and half bath. Garage is 378 square feet. Built by Dave Lesh in 1985. 2 x 6 construction with perimeter concrete and treated wood foundation. Composite shingle roof, hydronic oil fired boiler heat and hot water, propane stove and dryer. Several other out buildings Greenhouse: 28' X 16' with attached 28' X 12' shop. Wired and plumbed with cold water wood frame with lexan and metal roofing 784 square feet Generator/storage building: 24' X 16' wood framed with composition roof wired no plumbing 384 square feet Freezer and grain storage building: 26' X 8' with 5' X 6' addition. wood frame with composition roof wired no plumbing 238 square feet Pump house: 10' X 11' with water softener, mineral filter and expansion tank. wood frame, concrete slab, super insulated, heated, wired and plumbed 110 square feet Large covered area: 50' X 14' fire wood, winter car port and dry storage. 4 x 6 treated posts with composition roof Large covered area: 33' X 20' for winter car port and dry storage 4 x 6 treated posts with composition roof Bike shed: 44' X 8' open building for storing bikes during summer and cars over the winter. yellow cedar posts with metal roof no power or plumbing Root cellar: 16' X 15' earth covered building, steel and concrete. Winter freeze proof storage, wired no plumbing 240 square feet Compost: 8' X 12' compost building Burn building: rough 10' X 8' wood frame with metal roof for storing trash Gardens: 2 well established organic gardens #1-50' X 150', #2-25' X 75' Taxes No Real Estate Taxes or Zoning Utilities City electric , private well is 35 feet deep producing approx. 20 gals/min, public water system #AK 2130237. Last sanitary survey was done in 2012. All systems are inspected. Private septic system, Satellite TV, Internet Access
57 Rooms Room Revenue $936,641 Occupancy 66.81% ADR $68.93 RevPAR $45.02
This vacant motel is in reasonable condition and could be renovated for a very reasonable investment. There are few full service motels in the area and this could be a real asset to the community! The property also offers a great development opportunity since the 3.59 acres are located in the recently developed part of town less than a third of a mile from US Route 30. The property is surrounded by recently built banks, grocery stores, strip centers, Walmart and a good mix of commercial and residential activity.
Stark County, OH
High Volume State Liquor Store with Full Hard Liquor Agency Class D6 Permit Sale Includes: Rare Building & Real Estate, Additional Sales Volume, Reports, Financials Available with Buyer(s) Signed Non Disclosure, "Proof Of Funds" LOCATION, CONCEPT, VOLUME, NUMBERS...
Port Clinton, OH
***Corporate Owned*** Price per Room: $18,309.85 Room Revenue: $404,257 Occupancy: 42.1% ADR: $88.33 Revenue Multiplier: 3.2
Room Rev: $702,131 Occ: 40.5% ADR: 89.52 Rev Multi: 3.2 54 Rooms 3 Stories Remodeled in 2012
- 80 units - Room Revenue $490,625 - Priced at 3 times room revenue - Amenities include Owner/Manager Apartment and Truck Parking - Easy to operate motel, excellent for owner-operator or first time buyer.
-86 Units -Room Revenue $747,975 -Priced at 2.8 times room revenue -Located along I-71 and 30 miles south of Cleveland, Ohio.
2 flag hotels and office building in a prime location sits on 9 acers of land. Great visibility.
Room Rev: $367,841 # Rooms: 6,192 Occ: 79.6% ADR: 59.41 •Excellent opportunity for owner-operator •Located in a commercial corridor along US HWY 250 in an area with several restaurants, gas stations, and retail business.
Buckeye Lake, OH
Just signed with Motel 6, Owner now in the process of renovations. 92 room Hotel Property with the Econolodge Branding. Directly Off of Interstate 70 with Great Visibility! At the Exit for Buckeye Lake and just 40 miles East of Downtown Columbus Ohio. Located at the Exit for One of Central Ohio's best Known Lakes - Buckeye Lake! Located only 0.8 miles from the Buckeye Lake waterfront and a 10-minute drive from Heath City Water Park. There's an on-site guest laundry, with plenty of space for buses and trucks. Many recent Renovations including a New Metal Roof on the whole Property! Closest Hotel to Buckeye Lake! Adjacent to McDonalds, close to Wendy's, Taco Bell and Gas service station all at this exit.
Easy to manage, independent hotel. Excellent opportunity for owner-operator or first time buyer. No franchise fees, no franchise PIP, no franchise issues. Save Thousands of Dollars. Located along US Highway 250-close to Cedar Point Amusement Park and Sandusky, Ohio. Price per Room: $25,000 Room Revenue: $558,708 Occupancy: 27.5% ADR: $87.09 Rev Multiplier: 2.86
Room Revenue: $ 1,613,881 Occupancy: 71.0% ADR: $ 98.86 Rev. PAR: $ 70.19 Rev. Multiplier: 3.03 Revenue per Room: $ 25,617.15
Room Rev: $554,846 Rooms Sold $10,626 Occ: 33.08% ADR: $52.22
Room Revenue: $1,371,796 Occupancy: 78.5 % ADR: $79.80 Rev. PAR: $62.64 Rev. Multiplier: 2.8 Revenue per Room $22,863.26
Located along Interstate I-75 and close to the intersection of I-75 and I-70 on the north side of Dayton, Ohio. Close to several demand generators including Dayton Airport, Boonshoft Museum of Discovery, National Museum of the US Air Force, Hara Arena, Dayton Art Institute, Dayton Convention Center and Dayton Expo Center. All units are 2-room Suites. High occupancy of 83.4%.
Located along Interstate I-71 and close to the intersection of I-71 and I-270 on the north side of Columbus, Ohio. Close to the Ohio Expo Center (State Fairgrounds) and many demand generators on the north side of Columbus and only 15 miles from downtown Columbus. All units are 2-room Suites. High occupancy of 73%.
~Located along Interstate I-80, the major route from New York to Chicago and Western US ~Near many restaurants, shopping and service providers ~Interior Corridors, brick exterior ~Increasing Revenues, up 20% in 2015
Beautiful 9 acre lake with sandy beach creates a peaceful setting for this family campground. +/- 38 acres with approx 182 sites. Amenities include a store, bathhouse, gameroom, pavilion, rental cabins, playground, mini-golf, paddleboats, sewer treatment plant, large maintenance building AND a 4 bedroom TRADITIONAL owner's home. Open April thru October allows owners to have time off in the winter season. 2014 Gross income $157,713. Sales price $545,000 with $145,000 downpayment For more info contact Melinda Mimms at campgroundsforsale.com at 828-452-1535
- Price: $1,975,000 - Room Revenue: $632,204 - Built in 1998 - Interrior Corridors, Elevator, Indoor Pool, Meeting Rooms, Fitness Center, Guest Laundry - Absentee, Out-of-State Owner - Underperforming hotel in a strong market
Great location off 2 major interstates with LOTS of tourist attractions. Think roller-coasters, amusement parks, zoo, museums, speedways and more!. LOTS to bring campers to the area. Well-established full facility RV park provides all the amenities the modern camper is looking for PLUS a modern spacious owner"s home. +/- 13 acres includes room to expand. Thriving store and approx. 60 sites with rental cabins produces income of $285K. WOW that comes to $4,750 gross on a per site basis. That is almost double the average of other parks. 2014 Gross estimate $289,531 2015 Estimated gross +/- $300,000 $1,025,000 Sales Price with $335,000 downpayment For more information contact Melinda with Darrell Hess & Associates, Brokers www.campgroundsforsale.com firstname.lastname@example.org 828-452-1535 office
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