This Hotel & Motel Property is Off-Market.

2503 Clinton Dr
Galena Park, TX 77547 ·

32 Rooms · Hotel & Motel For Sale

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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

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.

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.

Research

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

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