Friday, November 14, 2008

SHANGRILLA HOTEL LAKE WORTH, FL. - 21 UNITS


21 UNIT MOTEL
LAKE WORTH, FLORIDA

* Heated pool
* Food license already - large lobby for coffee shop
* 2 story concrete CBS construction on corner lot
* Laundry facility owner operated - 2 washers, 2 dryers
* Asking price only $1,750,000.00 / JUST REDUCED TO $1,650,000.00
* $1,200,000.00 private mortgage w/ assumable financing at 7% interest- 30 year amortization, 3 ½ year balloon
* Monthly payment $8,440.00
* Located convenient to marina, restaurants, shopping, beaches
* Income on laundry - $300.00/ month
* Income on soda machine - $467.00/ month
* Rents - $250-300 per week per room
* Daily rental $60.00 per day
* Potential income from coffee shop
* Great investment with good return


MORE OF SHANGRILLA HOTEL

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