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DUAL BRANDED HOTEL 102unit Cleveland TN 2 biens • Services hôteliers • À vendre 7 149 345 $ CAD • Cleveland, TN
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Faits saillants de l'investissement
- Excellent property for Work Force Apartments/ Affordable Housing/ Independent Living Apartments Restaurant operating on campus
Résumé de l'annonce
OWNER FINANCING AVAILABLE: CASH SALE WILL GIVE SIGNIFICANT DISCOUNT!
This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee.
Out of the 102 units 53 units operate as the Rodeway Inn.
49 units have kitchenettes and operate as Suburban Suites.
We have a quote to complete all of the remaining units to have kitchenettes.
Totally Renovated in 2023.
Roof is TPO replaced 2019 Building 2 and 3. Roof is metal replaced 2019 on Building 1
Four additional revenue sources: 1) Restaurant rental $54,000 is under lease 2) Plus $42,000 in utilities from tenant 3) Billboard rental from on property $5,000 per year and 4) Meeting Room revenue is $18,000 annual.
Property sits on 2.8 level acres
Built in 1969 - Masonry construction– non-combustible.
Zoned commercial
Building One –
• Lobby and offices
• Full-Service Restaurant - Seats 90
• Full-Service Commercial Kitchen
• Two Meeting Rooms on second floor with Service Bar
• Restaurant is Leased at $4,500/Month
Building Two –
• 40 units are 12 X 25
• 10 units are 12 X 20
• Plus, one three-room apartment
• All new electrical outlets, switches and LED lighting
• Second floor includes two – two-room apartments
• Upstairs apartments have a back door
Building Three –
• 49 all newly renovated units
• ALL ROOMS ARE KITCHETTES
• 9 units are 12 X 20 with connector doors
• 38 units are 12 X 25
• One unit is an up and downstairs apartment
• One unit is a vending/laundry room
• All new electrical outlets, switches and LED lighting
This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee.
Out of the 102 units 53 units operate as the Rodeway Inn.
49 units have kitchenettes and operate as Suburban Suites.
We have a quote to complete all of the remaining units to have kitchenettes.
Totally Renovated in 2023.
Roof is TPO replaced 2019 Building 2 and 3. Roof is metal replaced 2019 on Building 1
Four additional revenue sources: 1) Restaurant rental $54,000 is under lease 2) Plus $42,000 in utilities from tenant 3) Billboard rental from on property $5,000 per year and 4) Meeting Room revenue is $18,000 annual.
Property sits on 2.8 level acres
Built in 1969 - Masonry construction– non-combustible.
Zoned commercial
Building One –
• Lobby and offices
• Full-Service Restaurant - Seats 90
• Full-Service Commercial Kitchen
• Two Meeting Rooms on second floor with Service Bar
• Restaurant is Leased at $4,500/Month
Building Two –
• 40 units are 12 X 25
• 10 units are 12 X 20
• Plus, one three-room apartment
• All new electrical outlets, switches and LED lighting
• Second floor includes two – two-room apartments
• Upstairs apartments have a back door
Building Three –
• 49 all newly renovated units
• ALL ROOMS ARE KITCHETTES
• 9 units are 12 X 20 with connector doors
• 38 units are 12 X 25
• One unit is an up and downstairs apartment
• One unit is a vending/laundry room
• All new electrical outlets, switches and LED lighting
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
Faits sur la propriété
| Prix | 7 149 345 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 157,86 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 45 290 pi² |
| Statut | Actif | Superficie totale du terrain | 5,60 AC |
| Prix | 7 149 345 $ CAD |
| Prix/pi² | 157,86 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 45 290 pi² |
| Superficie totale du terrain | 5,60 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Rodeway Inn Cleveland TN I-75
2595 Georgetown Rd, Cleveland, TN 37311 |
Services hôteliers | 22 645 pi² | 1968 | - |
|
Suburban Studios Cleveland Central
2595 Georgetown Rd, Cleveland, TN 37311 |
Services hôteliers | 22 645 pi² | 2023 | - |
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DUAL BRANDED HOTEL 102unit Cleveland TN
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