A former hotel is for sale for $890,000; however, the seller may consider selling it for just $120,000.
I’m looking to sell to someone who sees the real potential of this property and is serious about moving forward.
This is a former hotel building with 43 units. The structure and roof are in solid condition. Each unit has its own bathroom (some with showers, some with bathtubs). The building also includes a commercial kitchen, banquet area, and a small laundry room on the first floor.
The property was previously operational, and even with only one floor running, it was generating strong monthly income. With full use of all floors, the income potential is significantly higher.
A substantial amount of work has already been completed, including general interior improvements. Some finishing work remains, and plumbing needs to be checked primarily on the 4th floor. This is reflected in the price.
The property is currently vacant and is being sold as-is.