Historical Hotel & Motel Sale Listing - Regency Inn & Suites

Hotel & Motel For Sale

This Hotel & Motel property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Hotel & Motel For Sale, Galena Park, TX or Texas

Regency Inn & Suites

2503 Clinton Dr, Galena Park, TX 77547

N/A

32 Rooms | Hotel & Motel

  • Print

Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
32
Building Size:
14,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Vacant/Owner-User
No. Stories:
2
Year Built:
2001
Lot Size:
38,950 SF
APN / Parcel ID:
041-029-001-0086
Listing ID
15722205
Last Updated
over 1 year ago

Highlights

  • 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.

Description

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.

Map of 2503 Clinton Dr, Galena Park, TX 77547 (Harris County)

Research for 2503 Clinton Dr, Galena Park, TX 77547 (Harris County)

  • Demographics – Population, income & other demographics near 2503 Clinton Dr
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building