2 property sale consisting of a motel with 29 efficiency units and a 2,120 SF restaurant/retail building.
The Motel is now approved for Section 8 and Veteran housing voucher program.
Current gross income for Motel side is $17,100
Average unit monthly rate is $1,000 - Projected future rate per unit is $1,300
Laundromat addition to go in front office/Managers suite. Projected monthly income of $8,500
Current monthly costs for Motel Side
Water $1,000
Electric $2,500
Internet $325
Insurance $600
Maintenance $1,500