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5929 Ramona Boulevard - Diamond Inn, Jacksonville, FL

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5929 Ramona Boulevard - Diamond Inn

Jacksonville, FL 32205-4755 - Riverside Submarket


Property Type:Hospitality Number of Rooms:155 Status:Existing Year Built:1974
Stories:3 Building Size:52,516 SF Land Area:2.48 AC (108,242 SF)
For Sale Price:$5,000,000 Price/Room:$32,258 Cap Rate:10.00 %

Parking:1.64 Parking Spaces / 1,000 SF



Sale Notes:
55 rooms Hotel for SALE for only $3,000,000 with NOI of $800K to $900K a year.

The hotel was built in 1974 and recently purchased by a private investor and managed since by temporary management group. As of today the hotel serves both casual visitors and permanent tenants in a weekly of $190.00 per room.... focusing on marketing strategy as the following:
$190 a day x 52 weeks a year X 155 rooms, can generate gross income of $1,531,400 Apart from expected income from services such as grocery store, laundry services and vending machine
Operation expenses are -+40%
According to this formula, it can be an investment opportunity that can get you return on investment in a short period time of less than two years and makes the investment worthwhile, one of a kind and unusual.

Ocean Pointe Realty
Avi Dori
(305) 945-3838

Yuval Fishman
(305) 945-3838




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