This property is Off-Market
2503 Clinton Dr
Galena Park, TX 77547 ·
32 Rooms · Hotel & Motel For Sale
Regency Inn & Suites
|Price||N/A||Property Use Type||Vacant/Owner-User|
|No. Rooms||32||No. Stories||2|
|Building Size||14,000 SF||Year Built||2001|
|Property Type||Hotel & Motel||Lot Size||38,950 SF|
|Property Sub-type||Economy/Limited Service||APN / Parcel ID||041-029-001-0086|
|Listing ID: 15722205||Date Created: 05/20/2008||Last Updated: 02/27/2009|
The property has 32 units plus 3 bedrooms manager apartments. In 32 units 2 units are like 2 bedroom large size apartments large size living room and kitchen, 1 unit king with kitchen, all units are suites, 3 bedrooms are nice and large size room apartments with large size living and kitchen unit. Large size laundry room with commercial 2 washers and 2 dryers, parking lot is cement concrete, building size about 14000 sf, lot size is about 38,950 sf, built year 2001 October. All room size 12FTX 27FT. All bath-tubs with granites, all vanity with granites, 27" TV with remote, Hair Dryers in all rooms, 3 jacuzzi rooms, WIFI, Magnuson hotels, Expedia, affiliate, no competition around 5 to 7 miles. All rooms with combo fridge and microwaves. All rooms with radio, CD. All rooms are renovated, new carpets, furniture, inside paints, etc. Nice landscaping, and trees. Pasadena, TX is about 4 to 5 miles. Port of Houston is about 2 miles, and other major industries are about 1 to 10 miles from this motel. This property is for sale as " AS IS " AND WHERE - IS " CONDITION. BUYER HAS TO BUY AND PAY EXTRA PRICE FOR PERSONAL PROPERTY IN MANAGER APARTMENTS AND EXTRA SUPPLY
Near 8 to 10 miles from downtown, near 7 to 8 miles from Hobby Airport, near 610 loop. Note: Please, if you are really very serious to buy this motel, then only contact the owner. This is the only motel in this city. Make an offer by Phone, fax, or e-mail. The seller will respond in a same manner. Motel payment is on $1,100,000 at Prime+1% for 25 years. Monthly: $7,088 & Yearly: $85,048, with $500,000 Down Payment., or assume the loan.
- Buisiness is daily and weekly. Daily rate $60+tax, $65+tax ( 10% tax ).
- All Yearly Expenses: 1. Motel full payment: $85,048, 2. Utilities and phone, - $22,149, 3. Insurance: $8,295,
- 4. Property tax: $22,500, 5. DirecTV: $3,350, 6. Landscaping: $1,500,
- 7. Disposal: $1,260, 8. Maid: $11,960, All other expenses:$12,924.
- Total Yearly Expenses with full mortgage: $168,986 AND Monthly: $14,083. These expenses are actual. You have to believe it.
- Yearly projected income could go upto $320,000. Net Profit More than $100,000.
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