PROPERTY FOR SALE: NEW JERSEY
Location: New Jersey, Atlantic City Area
Number of Units: 25
Year Constructed: 1987, Completely Renovated, finished February 2011
Corridors: Exterior
# of Stories: 2
Chain Affiliated ? : Yes
Cost to Transfer Franchise: $ 1,000
AAA Rated ? : Yes
Asking Price:$ 1,399,999now $ 1,249,999
Gross Rooms Revenue: $ 307,000
Gross F&B Revenue: N/A
Gross Other Revenue: N/A
Annual Property Taxes: $ 25,843 Note: an appeal is pending to reduce taxes
Annual Insurance Costs: $ 4,758
Seller/Private Financing Available ?: Yes (See Below)
Other Property Included: N/A
Other Information: This property is very clean, built in 1987 but completely gutted and renovated (including new furniture,
carpet, draperies, parking lot etc.) in 2011. Seller is eager to sell, and is willing to offer private financing, 15% down,
25 year term. Please submit inquiry below to contact seller, and to obtain additional details of the financing being offered.
The same seller is offering another property-for-sale in the same market; buy them both and save another $100K !!!
Note: A significant Buyer's Rebate may apply; contact LodgingIndex for additional information. For immediate
updates on this property, and other new properties-for-sale opportunities, follow LodgingIndex on Twitter!
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